Trump’s Temporary SALT Deduction Increase for 2025
President Donald Trump’s so-called “big beautiful bill” will temporarily raise the cap on the federal deduction for state and local taxes (SALT) from $10,000 to $40,000 for the 2025 tax year. A new Redfin report released last week suggests that this change could provide larger tax savings for residents in certain states, depending on their […]
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