ilmscore | Prediction Details
"Now for tax year 2025, you're going to be able to deduct up to $40,000 instead of just 10. So you can claim this deduction if you make $500,000 or less. And this deduction amount, it's going to be slightly modified until 2029 until it reverts back to a $10,000 cap."
By ClearValue Tax | June 30, 2025 | Incorrect
From video
Trump’s New Tax Cuts Officially Pass: Final Details Revealed 00:04:51.680 - 00:05:08.639
Interpreted Prediction
For tax year 2025, the SALT deduction cap will increase to $40,000 for individuals earning $500,000 or less. This increased cap will be modified until 2029, after which it reverts to $10,000.
AI Evaluation Notes
The prediction stated that for tax year 2025, the SALT deduction cap would increase to $40,000 for individuals earning $500,000 or less. However, based on a search of the 2025 SALT deduction limit, the limit remained at $10,000.

Prediction Details

Topic
State and Local Tax (SALT) Deduction

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