House to Vote on Doubling SALT Deduction Cap Amid Bipartisan Push

House to Vote on Doubling SALT Deduction Cap Amid Bipartisan Push

In a pivotal move today, the House of Representatives is poised to address a significant concern affecting taxpayers across the nation. A procedural vote could potentially see the cap on state and local tax (SALT) deductions doubled from the current $10,000 limit. This development is a critical step forward in a concerted effort by a bipartisan coalition from high-tax states, aiming to amend one of the most contentious segments of the 2017 tax-reform law.