SALT deduction Archives - Real Estate and Construction CPA Firm

Will the New SALT Cap Make Itemizing Worthwhile in 2025?

When filing your individual income tax return, one of the most important decisions is whether to claim the standard deduction or itemize deductions. Thanks to changes under the One Big Beautiful Bill Act (OBBBA), more taxpayers may benefit from itemizing on their 2025 returns. If you paid more than $10,000 in state and local taxes (SALT) […]

2025 SALT Deduction Cap Increase: How to Save More on Your Taxes

October 24, 2025

If you pay more than $10,000 in state and local taxes (SALT), a new provision in the One Big Beautiful Bill Act (OBBBA) could significantly reduce your 2025 federal income tax bill. However, income-based limits apply — and taking the right steps before year-end could help you maximize your deduction. What Is the SALT Deduction? SALT deductions include state and local

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