Make money work for you!

  • Home
  • Personal Finance
  • Budgeting
  • Shopping
  • Taxes

Bigger Refunds Ahead? What the New SALT Cap Means

April 15, 2026 · Taxes
tax deductions, save
Photo by Africa Studio from Shutterstock

The cap on the State and Local Tax (SALT) deduction is set to increase from $10,000 to $40,000 starting in 2025 under the proposed One Big Beautiful Bill Act (OBBBA). This change could significantly impact taxpayers—especially those in high-tax states—by allowing larger itemized deductions and potentially bigger tax refunds.

Tax experts say this update may shift how Americans file their taxes. In 2024, roughly 90% of taxpayers chose the standard deduction, according to former IRS auditor and tax professional Ruth White. However, with the higher SALT cap, more people—particularly homeowners—may benefit from itemizing their deductions in 2025.

White notes that many middle-income clients are already seeing the effects: despite earning $10,000 to $20,000 more in 2025, they’re paying less in income taxes due in part to the revised SALT rules.

Pages: 1 2 3 4 5

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • A minimalist ink illustration of a June 2026 calendar with the 15th circled in bold red ink and a fountain pen resting nearby. Don't Miss These Important IRS Tax Deadlines in June
  • A navy folder labeled 'Vital Financial Documents' sits on a kitchen table next to a coffee mug and a secure fireproof lockbox. The Safest Places to Store Your Financial Documents
  • An editorial collage featuring a brass compass, financial documents, a family photo, and a metal key, representing a financial roadmap. 8 Financial Details Loved Ones Need to Know
  • A senior man smiling at a laptop in a sunlit public library with books on the table and a park view through the window. 10 Simple Retirement Joys That Cost Nothing
  • A woman in her 60s reviews financial paperwork at a sunlit kitchen table, captured in a candid, documentary-style photograph. 9 Financial Perks Many Retirees Overlook
  • A person sits at a sunny kitchen table reviewing bills with a pen and coffee, embodying a proactive approach to household budgeting. 7 Household Expenses Worth Reviewing Today
  • A senior man in a knit sweater sits at a sunny wooden desk at home, organizing legal documents and folders in a quiet morning setting. 9 Things Retirees Should Put in Writing
  • A person holding a phone at night showing multiple scam notifications about packages, banks, and tolls. 9 Everyday Messages You Should Never Respond To
  • Close-up of house keys on a wooden table with moving boxes and a sold sign in the blurred background. 7 Signs It Might Be Time to Downsize
  • A woman in her 60s working peacefully at a desk in a sunlit home office with garden views. 9 Flexible Retirement Jobs Paying More Than Most Seniors Expect

Newsletter

Get money-saving tips and personal finance advice delivered to your inbox.

Related Articles

taxes, income stealth, check

8 Surprising Things You Must Pay Taxes For

Discovering a chest of gold coins in a sunlit attic is a dream, but don’t…

Read More →
tax tricks

8 Tax Tricks Rich People Use—and They Work!

Professionals brainstorm financial plans over coffee and pastries, unlocking the tax-saving secrets that help the…

Read More →
Tax credits, reduce, veteran, climate return

8 Legal Ways in Which You Can Reduce Your Taxes

A hand inserts a coin into a slot, surrounded by icons for housing, healthcare, and…

Read More →
tax burdens stealth return

7 States With Largest Tax Burdens for Middle-Class Families

A concerned couple reviews financial spreadsheets in their kitchen, reflecting the growing tax pressures facing…

Read More →
Stimulus Check

These 18 States Are Sending Out Stimulus Checks Now!

When was the last time you received a stimulus check? Some experts say that we…

Read More →
tax

7 Random Things You Will Get Taxed For

If you’re working, you know that the money you make is taxable. You also probably…

Read More →
Tax

5 Tax-Efficient Ways to Share Wealth with Kids

A mother watches her son play outside, considering how smart tax planning today secures his…

Read More →
ridiculous taxes

9 Most Ridiculous Things You’ll Get Taxed for

Which are some of the most ridiculous taxes? Nothing is certain except death and taxes.…

Read More →
death taxes

13 US States With the Highest Death Taxes

Most people shouldn’t fear federal “death taxes.” Only those with a fortune of $12.92 million…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Subscribe
  • Unsubscribe
  • Newsletter
  • Terms and Conditions
  • Do not sell my personal information
  • Privacy Policy
  • Contact
  • Request to Know
  • Request to Delete
  • CA Private Policy

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.