1) What is the SALT deduction cap? The Tax Cuts and Jobs Act of 2017, signed into law by President Donald Trump, capped the total SALT deduction at $10,000 for the tax years 2018 through 2025
2) Does the SALT deduction cap expire? Under TCJA, the SALT deduction cap applies to tax years 2018 to 2025. This timeframe means the SALT cap is set to expire in 2026
3) There have also been efforts to make the SALT deduction cap permanent. In February 2023, Congressman Vern Buchanan (R-Fla.) announced reintroducing the TCJA Permanency Act (H.R.976). This legislation looks to make permanent tax cuts for individuals and small businesses originally enacted as part of TCJA, including the $10,000 SALT deduction cap.