Americans will likely see relief from SALT tax restrictions next year

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 House of Representatives, but taxpayers have reason to hope that relief is on the way.

That’s because the cap on state- and local-tax deductions — passed as part of the 2017 tax-reform package — is set to expire after next year. Proponents of the cap will have a difficult time cobbling together the votes to extend it in its current form,…