Salt Tax Change 2024. Many state and local governments levy a tax when you register a car or boat. Throughout 2022, states continued to move swiftly to adopt pte tax regimes as a workaround to the federal $10,000 salt deduction.
This would reduce federal revenue by about $135 billion between 2022 and 2025. Tables show the change in federal tax burden from proposals to change the limit on deductible state and local taxes.