2025 Tax Law Q&A: Expert Answers on New Tax Breaks

Sudip Sengupta

July 16, 2025

2025 Tax Law Q&A - Expert Answers on New Tax Breaks

2025 tax law: Can I deduct SALT up to $40K?

2025 tax law - Can I deduct SALT up to $40K
2025 tax law – Can I deduct SALT up to $40K

Explanation:A temporary expansion lets many homeowners deduct more, but only for a bit.

YearSALT Cap
2025–2028$40,000 (MgI ≤ $500K)
Post‑2028$10,000 (reverts)

Cautions: High earner phase‑out applies; plan soon if your state taxes are steep.

Also read these related topics – 5 Predictions for Trump Tax Plan 2025: What You Need to Know

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