* Currently, there’s a $10,000 limit on the federal deduction on state and local taxes, known as SALT, which will expire Dec. 31, 2025, without action from Congress. House Republicans are calling for a higher limit on the deduction for state and local taxes, known as SALT, as part of President Donald Trump’s tax and spending package. The House Ways and Means Committee, which oversees tax, released the full text of its portion of the bill on Monday afternoon. The SALT provision would raise the cap to $30,000 for those with a modified adjusted gross income of $400,000 or less....