SALT Cap Relief: A Break for High-Tax State Residents
Living in a high-tax state like Connecticut? The One Big Beautiful Bill just brought some meaningful relief.
The state and local tax (SALT) deduction cap has been temporarilyraised from $10,000 to $40,000. That means more of what you pay in state taxes could potentially be deducted on your federal return, helping to keep more of your hard-earned money in your pocket!
It may phase out at higher incomes and won’t last forever, but for many families, this change feels like a long-awaited breath of fresh air.
Feeling the Pinch of High Property and State Taxes?
We listen to those stories every day and help find ways to ease the burden.