Planning Strategies to Maximize Higher Caps on State and Local Tax Deductions By Luke Lucas, CPA
Posted on September 21, 2026 by Luke Lucas
The One Big Beautiful Bill Act (OBBBA) expanded the deduction cap on state and local tax (SALT) payments for tax years 2025 through 2029, providing some relief for taxpayers in high-income tax states. However, like most tax laws, the provision comes with limitations and phaseout rules based on taxpayers’ income. The OBBBA temporarily increased the […]