Salt Tax Limit 2024 Delhi. The value of the salt deduction as a percentage of adjusted gross income (agi) tends to increase with a taxpayer’s income. Note that the $10,000 limit on salt.

In january and february 2023, lawmakers in the 118th congress have introduced several pieces of legislation to restore the federal state and local tax (salt) deduction. A $10,000 cap on deductions on federal returns for state and local taxes paid is set to expire at the end of.