Maximizing $40,000 SALT Deduction: Strategies for High-Tax Households
For many taxpayers, the State and Local Tax (SALT) deduction is one of the most critical factors in determining their overall tax liability. With the cap on this deduction having been temporarily increased to $40,000 (up from the previous $10,000 limit for most filers) under the One Big Beautiful Bill Act (OBBBA), homeowners and high-earners…