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Increasing state and local tax deduction (Salt)
The bill increases the deduction limit for state and local taxes (Salt).
There is currently a $10,000 cap on how much taxpayers can deduct from the amount they owe in federal taxes. That expires this year.
The Senate's approved bill raises it from $10,000 to $40,000 - but after five years, it would return to $10,000.
Salt taxes were a big sticking point in the House, especially Republican holdouts in some Democratic-controlled urban areas. The House's version of the spending bill did not include a five-year limit, so the Senate's changes could pose a problem for some House Republicans.
