2025 tax law: Can I deduct SALT up to $40K?
Explanation: A temporary expansion lets many homeowners deduct more, but only for a bit.
| Year | SALT 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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