ilmscore | Prediction Details
"this new bill would increase the state and local tax deductions to $40,000, but only if your adjusted gross income doesn't exceed $500,000 a year."
By Graham Stephan | May 27, 2025 | Incorrect
From video
BREAKING: Trump’s "Big, Beautiful Tax Bill" Just Passed (These Changes Are WILD!) 00:05:18 - 00:05:27
Interpreted Prediction
The proposed increase in state and local tax deductions to $40,000 is contingent on an adjusted gross income below $500,000.
AI Evaluation Notes
Based on a search for 'state and local tax deductions 2025 2026' there was no increase to $40,000. The tax cuts and jobs act of 2017 limited the deduction to $10,000 and this remains in effect as of January 2026.

Prediction Details

Topic
State and Local Tax Deductions

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