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