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Kiplinger

Business

Kelley R. Taylor

SALT Cap Increase? What to Expect in 2025 Tax Reform

Donald Trump Salt Mike Lawler CT Tom Suozzi Tax Deduction

The words tax reforms showing through a torn piece of paper.

Discussions about the state and local tax deduction (SALT) are back.

One reason? Lawmakers are negotiating 2025 tax reform since Republicans control the White House, and both chambers of Congress. And President Trump, and several GOP lawmakers would like to see adjustments to the SALT cap.

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