Salt Tax Deduction 2025 Schedule. Kuldip kumar, partner at mainstay tax advisors, said, “last year, the finance minister raised the standard deduction and revised tax slabs under the new tax regime. The state and local tax deduction limitation (salt cap) has become a focal point of tax policy debate ahead of its scheduled sunset at the end of 2025.
There is now a $10,000 cap on the. One of the most anticipated changes is an increase in the standard deduction.