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  • How Would the 2025 House Tax Bill Change the SALT Deduction?
    Overall cap on itemized deductions: H R 1 would replace the pre-TCJA overall limit on itemized deductions (called the “Pease” limit) with a 12 5% haircut to SALT deductions for taxpayers in the top (37%) tax bracket For a taxpayer in that bracket, a $10,000 SALT deduction would instead be worth $8,649, which when applied to taxable income
  • Higher SALT Deduction Cap Could Mean Major Tax Savings for . . .
    The $40,000 cap would gradually phase out for taxpayers with incomes over $500,000 For those with very high incomes, the cap would revert to the original $10,000 These thresholds will be indexed to increase by 1% annually Taxpayers in the top 37% marginal tax bracket can only claim the SALT deduction at a 32% rate Who stands to benefit most?
  • What Is the State and Local Tax (SALT) Deduction? Three . . .
    In a last-minute amendment, the SALT deduction cap would increase to $40,000 per household, but only for those with adjusted gross incomes (AGI) at or below $500,000
  • What is the SALT deduction? Who benefits most and why . . . - CNN
    By Wednesday morning, House Speaker Mike Johnson said a new agreement was reached with the so-called SALT caucus to raise the cap to $40,000 for a decade for households making less than
  • SALT Deductions: Important Changes Coming in 2026
    The $10,000 SALT deduction cap will be eliminated, allowing full deductibility of state and local taxes—particularly beneficial for residents of high-tax states The standard deduction will decrease by nearly half, making itemizing deductions advantageous for many more taxpayers
  • SALT Deduction Cap Increase Proposal: Details Analysis
    Increasing the SALT deduction cap in the "Big Beautiful Bill" would primarily benefit higher earners and make the tax code more regressive
  • Increase in SALT cap eases taxpayers path to other deductions
    With the proposed increase in the SALT cap, taxpayers who itemize their deductions could start with a higher base amount This makes it more likely that their total itemized
  • SALT Deduction: How to Write Off State and Local Tax
    If the SALT deduction and your other write-offs don’t add up to more than the standard deduction amount — which will range from $15,000 to $30,000 for 2025 — it may not make sense to itemize
  • Who Should Itemize Deductions Under New Tax Plan - SmartAsset
    But, the cap on state and local tax (SALT) deductions is temporarily increased This change could raise the total deductible amount for taxpayers in high-tax states, making itemizing more favorable than the standard deduction
  • What’s the $10,000 SALT Cap [And Will It Change]?
    That makes sense: Higher rates make it more likely that your state and local taxes will exceed the $10,000 limit If you live in a low-tax state and have a modest income, there’s a good chance you won’t be impacted by the SALT cap even if you itemize Related: Federal Tax Brackets and Rates Are There Ways Around the SALT Cap?





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