Will the SALT Tax Deduction Limitation in the United States be changed by Congressional action before the end of 2024?
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This would be a change to the State and Local Income Tax Deduction Limitation which is currently $10,000.
Indexing to inflation, changing the amount, elimination or other modification would all count for a YES.
Minor changes to wording that only change things on the margin would not qualify and I will try to update what proposals would not qualify - the basis for this is that some editorial change that has limited practical effect should not count for a YES
Bill must be passed and signed by President before 12/31/2024. Change does not have to go into effect in 2024.
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