The SALT Cap Deduction and Its 2026 Limits

Lucas and Luna break down the state and local tax deduction — the SALT cap — in 2026. They explain how the $10,000 federal limit on deducting state income and property taxes affects homeowners, high earners, and residents of high-tax states like New York and California. They also explore alternative strategies, including the workaround some states have adopted for pass-through businesses, and how the cap could change with the Tax Cuts and Jobs Act provisions expiring after 2025. Listeners get a clear picture of what's deductible, what's not, and how to plan ahead. #SALT #StateAndLocalTax #TaxDeduction #PropertyTax #IncomeTax #TaxPlanning #2026Taxes #TaxCutsAndJobsAct #HighTaxStates #PassThroughEntity #Workaround #ItemizedDeductions #Homeowners #Finance #TaxStrategy #FexingoBusiness #BusinessPodcast #TaxTips Keep every episode free: buymeacoffee.com/fexingo