$40K SALT Cap Explained: New 2025 Tax Law Changes (Who Benefits?)
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Under the new tax law, the federal SALT deduction cap increases from $10,000 to $40,000 — beginning with your 2025 return (filed in 2026). For homeowners and high earners in states like NY, NJ, CA, CT, and MA, this is one of the most impactful tax changes in years. The SALT deduction lets you deduct eligible state income taxes and property taxes against your federal income. A $30,000 increase in the cap creates real planning room. Here's where strategy matters: ✅ Time state tax payments – Accele
1.1K views2 months ago
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