See how the SALT deduction can cut your tax bill. Learn which state and local taxes you can deduct, how the SALT cap applies, and why it matters.

The SALT deduction cap rose from $10,000 to $40,000 starting in 2025 under the One Big Beautiful Bill Act (OBBBA). According to tax pros who spoke to GOBankingRates, this allows larger itemized ...

On July 4, 2025, President Donald Trump signed the reconciliation bill, known as the “Big Beautiful Bill” (“BBB”), which covered many of his campaign promises. This reconciliation, centering upon ...

The One Big Beautiful Bill Act (OBBBA or the Act), enacted in July 2025, introduces significant changes to the treatment of state and local tax (SALT) deduction and the alternative minimum tax (AMT).

Now that the 2025 federal tax bill has been signed into law, it’s appropriate to revisit one of its most news-making elements: the federal deduction for state and local taxes (SALT). The new SALT ...

President Donald Trump's "big beautiful bill" raised the limit on the federal state and local tax deduction, known as SALT, to $40,000 for 2025. From 2018 through 2024, the SALT deduction was limited ...

The SALT deduction is only available to taxpayers who itemize their deductions rather than claiming the widely used standard deduction The decision on whether to take the standard deduction or itemize ...

President Donald Trump's "big beautiful bill" boosted the SALT deduction limit to $40,000 for 2025, up from the previous $10,000 cap. The SALT deduction includes property taxes plus either state and ...

It’s tax season, and thanks to last year’s GOP tax and spending law, there are lots of changes to the rules. One of the biggest involves the deduction for state and local taxes. So far this tax season ...

The state and local tax deduction has always been a political flashpoint, but its impact goes far beyond politics. With Congress having expanded the SALT deduction in the new tax law, businesses need ...

Many people feel confused about how much of their property taxes they can deduct, especially with the rules changing. You’re not alone—these limits can affect your refund in a big way, so it’s normal ...