Tax Relief with Logan Allec, CPA

One Big Beautiful Bill Act: New $40,000 SALT Cap EXPLAINED by a CPA

Logan Allec

The One Big Beautiful Bill Act that President Trump is expected to sign later today will increase the cap on the itemized deduction for SALT (state and local taxes) from $10,000 to $40,000! In this video, I get into:

  • When the new $40,000 SALT cap goes into effect

  • How the limitation on the SALT cap based on income works

  • What the annual increase in the SALT cap works

  • When this increased cap sunsets


#onebigbeautifulbill #taxes #taxtips