10/27/2025
SALT Cap | Taxpayers can act now to make the most of an increase in state and local tax deductions before filing 2025 taxes next spring.
The state and local tax (SALT) deduction cap increased to $40,000 from $10,000 for tax year 2025.
Taxpayers can act now to make the most of an increase in state and local tax deductions when they file 2025 taxes in the spring.