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  • Trump’s big beautiful bill passes SALT deduction limit of $40,000
    President Donald Trump’s "big beautiful bill" raises the SALT deduction cap to $40,000 Here's who will benefit
  • SALT Deduction 2025: $40,000 Cap Rules Income Limits
    The One Big Beautiful Bill Act has increased the SALT deduction cap from $10,000 to $40,000 for 2025, but the changes come with important income limitations and expiration dates that every taxpayer needs to understand
  • All Info - H. R. 1 - 119th Congress (2025-2026): One Big Beautiful Bill Act
    S Amdt 2849 Amendment SA 2849 proposed by Senator Klobuchar to Amendment SA 2848 (consideration: CR S4072-4073) To strike a provision relating to delayed implementation of the supplemental nutrition assistance program matching funds requirements
  • One Big Beautiful Bill Act: Tax deductions for working Americans and . . .
    FS-2025-03, July 14, 2025 Below are descriptions of new provisions from the One Big Beautiful Bill Act, signed into law on July 4, 2025, as Public Law 119-21, that go into effect for 2025 “No Tax on Tips” New deduction: Effective for 2025 through 2028, employees and self-employed individuals may deduct qualified tips received in occupations that are listed by the IRS as customarily and
  • The Senate’s $40,000 SALT Deduction Signals Relief For Taxpayers - Forbes
    In the Senate’s passage of the bill, they have agreed to raise the SALT deduction cap to $40,000, as reported by CNBC Their version of the bill also allows for an annual increase in
  • What’s in the Newly Enacted One Big Beautiful Bill Act
    The 2025 Act raises the SALT deduction cap to $40,000 ($20,000 for married individuals filing separately), but a phase-out of the increased SALT deduction cap begins when an individual’s modified adjusted gross income reaches a $500,000 threshold ($250,000 for married individuals filing separately)
  • What the One Big Beautiful Bill Means for Your Taxes
    New Provisions SALT (State and Local Tax) Deduction: The OBBB temporarily increases the SALT deduction from $10,000 to $40,000 ($20,000 for Married Filing Separate) and will increase 1% each year There’s a 30% phaseout for incomes over $500,000, and the deduction reverts to $10,000 in 2030
  • How Does the 2025 Tax Law Change the SALT Deduction?
    OBBB increases the standard deduction by $750 for single taxpayers and $1,500 for married taxpayers in 2025, adjusting for inflation after 2025 Despite this increase, the bill’s $40,000 SALT cap will likely induce some households that currently take the standard deduction to itemize instead




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