✉news BusinessPersonal Finance first seen 23 h ago, last 5 h ago, peak #1
SALT deduction cap rises to $40,400 for 2026
Original: The SALT deduction limit is $40,400 for 2026. Here's how to maximize it
The cap on state and local tax deductions will be $40,400 in 2026, giving taxpayers in high-tax states a larger break than under the previous $10,000 limit. Advice is circulating on how to make the most of it, including timing property tax and income tax payments, and checking whether income-based phase-outs reduce the deduction for higher earners.
Why now: Taxpayers are planning ahead for a substantially higher deduction cap that could significantly cut federal bills, especially in high-tax states.
SALT deductionCNBCInternal Revenue Service
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