ilmscore | State and Local Tax (SALT) Deduction Predictions
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State and Local Tax (SALT) Deduction

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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.
"Now for tax year 2025, you're going to be able to deduct up to $40,000 instead of just 10. So you ca..."
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Jun 30, 2025
Incorrect
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