How the New SALT Deduction Cap Impacts You скачать в хорошем качестве

How the New SALT Deduction Cap Impacts You

Wondering how the dramatic increase in the SALT deduction cap—from $10,000 to $40,000—could impact your taxes? In this video, we break down what the new cap means, who benefits, and what phaseouts apply for high earners. Whether you're a homeowner, small business owner, or high-income earner in a high-tax state, this update could make a big difference in your 2025 tax return. 🔍 What You’ll Learn: • What the SALT deduction is and how it works • How the cap has changed under new legislation • Who qualifies for the new $40,000 deduction • How income-based phaseouts may reduce your benefit • Planning strategies to maximize your deduction 💡 Expert Tip: SALT deductions can be complex—especially with shifting laws. Make sure you’re keeping good records of your property taxes and state/local income taxes to take full advantage. #SALTdeduction #TaxLawChanges #TaxTips #PersonalFinance #TaxPlanning #FinanceExplained Timestamp: 00:00:00 A Cornerstone of Tax Planning 00:02:44 Life Under the $10,000 Cap 00:05:46 Unpacking the SALT Cap Increase 00:06:49 Who Stands to Gain the Most? 00:07:42 Who Misses Out? 00:08:28 Arguments for Raising the Cap 00:09:23 Why Some Oppose a Higher Cap 00:11:46 Practical Steps for Taxpayers 00:12:36 The Future of State and Local Tax Deductions Please Join my Membership Club: https://payhip.com/b/wfBMm Book 20 Minute Free Consultation: https://beacons.ai/fentontaxhelp https://getmetaxhelp.com