Sep 5, 2025 · President Donald Trump's "big beautiful bill" raised the SALT deduction limit to $40,000 for 2025. Here's how to maximize the tax break, financial experts say.

4 days ago · SALT cap increases The OBBBA increases the state and local tax deduction (SALT) from $10,000 to $40,000 ($20,000 for married filing separately) for the 2025 tax year. It also increases the …

Jul 30, 2025 · As income rises, the $40,000 SALT cap phases down to $10,000, meaning that the highest-income taxpayers can deduct up to $10,000 in SALT. Reverts to the $10,000 limit (previously …

Starting with your 2025 tax return, most taxpayers can now deduct up to $40,000 in state and local taxes instead of being stuck at $10,000. If you’re married filing separately, your limit is $20,000.

The One Big Beautiful Bill Act (OBBBA) introduces tax changes that impact homeowners, including updates to deductions and credits. The SALT deduction cap will increase to $40,000 for tax years …

May 22, 2025 · Some U.S. homeowners may soon get a sizable tax break thanks to the massive budget package that was passed by the House early Thursday. The legislation — dubbed the One Big …

4 days ago · Upon passage of the One Big Beautiful Bill Act, the SALT deduction cap rose from $10,000 to $40,000. That cap will increase by 1 percent to $40,400 for the 2026 tax year, with additional 1 …

May 23, 2025 · One of the most talked-about provisions is the increase in the state and local tax (SALT) deduction cap from $10,000 to $40,000, starting in the 2025 tax year. This change is particularly …

Jul 8, 2025 · • SALT Cap Raised and PTET Survives: The 2017 Act imposed a $10,000 cap on deductions for state and local taxes (“SALT”).

Jul 21, 2025 · T he OBBBA introduces a temporary SALT deduction cap of $40,000 starting in 2025, which will phase out for individuals earning over $500,000. This change is part of a broader tax …