Salt Deduction Limit 2024 Limit. However, the upcoming changes in 2024 could potentially lower this limit or eliminate the deduction entirely, depending on the specific provisions of the new law. The movement to roll back limits on how much state and local taxes americans can deduct on their federal returns took a hit wednesday when a vote to advance a salt relief bill failed in the.

So where do the parties stand on the limit? Donald trumpsaid that he would revive the state and local tax deduction, a popular tax break for new yorkers that the former president limited during his.