Dulcia Isabelle

Salt Tax Changes 2025 Update. 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. The salt cap is set to expire december 31,.

Know the top 5 income tax changes expected in budget 2025, including revised tax slabs, a higher standard deduction, and an increase in the section 80c limit. With other key tax provisions, the salt cap is set to expire soon — at the end of this year (2025) if congress doesn’t act.