One Big Beautiful Bill Act: New $40,000 SALT Cap EXPLAINED by a CPA

from Tax Relief with Logan Allec, CPA · host Logan Allec

The One Big Beautiful Bill Act that President Trump is expected to sign later today will increase the cap on the itemized deduction for SALT (state and local taxes) from $10,000 to $40,000! In this video, I get into:When the new $40,000 SALT cap goes into effectHow the limitation on the SALT cap based on income worksWhat the annual increase in the SALT cap worksWhen this increased cap sunsets#onebigbeautifulbill #taxes #taxtips

Episode metadata supplied by the publisher feed · Published Jul 3, 2025

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One Big Beautiful Bill Act: New $40,000 SALT Cap EXPLAINED by a CPA

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