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Your email address will not be published.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

  • tax deduction Bigger Refunds Ahead? What the New SALT Cap Means
  • Trump's Signature Is About to Appear on U.S. Dollar Bills — Here's What That Means
  • Drowning in $10,000+ of Credit Card Debt? Here’s the "No-Shame" Way Out in 2026
  • Social Security Alert: Up to $5,181 Hitting Accounts This Week
  • A senior couple reviews their household budget on a laptop in a bright, modern kitchen. Social Security's 2027 COLA Could Be the Smallest in Years
  • A person showing a digital discount coupon on their phone to a pharmacist at a bright, modern pharmacy counter. TrumpRx Is Here - But Will It Actually Lower Your Drug Costs?
  • A happy couple shopping with a full cart at a warehouse club in 2026. Top 10 Sam's Club Deals You Can't Ignore in 2026
  • A couple shopping for high-end deals at a modern warehouse store. 12 Costco Deals Shoppers Are Jumping on for 2026
  • A high-end desk setup with a Social Security card and a gold pen, representing presidential financial benefits. Is Trump on Social Security? A Look at Presidential Benefits
  • A person thoughtfully choosing a card from their wallet at a checkout counter. 5 Places to Avoid Using Your Debit Card and 3 Safe Spots

Newsletter

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

Related Articles

prepare early for the tax season avoid

8 Unexpected Reasons to Prepare Early for The Tax Season

Unfortunately, taxes can’t be avoided! Read here for the reasons why you should prepare early…

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 →
stimulus check

2023: Will You Get a Stimulus Check? Let’s Find Out!

Will you get a stimulus check in 2023? Let’s find out! Since the beginning of…

Read More →
tax breaks for homeowners

7 Tax Breaks for Homeowners and Home Buyers

Owning a home is a key part of the American Dream. Whether you fancy a…

Read More →
income retire stealth

10 Types of Retirement Income Tax You Need to Know About

Those of you who are freshly retired and are constantly planning for the next trips,…

Read More →
refund

All About Tax Refunds: 7 Important Things You Need To Know

A woman uses a stylus and tablet to review financial documents, staying organized to avoid…

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 →
avoid some taxes

Yes, You Can Avoid Some Taxes With These 6 Solutions!

Benjamin Franklin once said: “nothing is certain but death and taxes.” If you don’t file…

Read More →
Editorial illustration of a gold gavel striking tax forms on a navy background.

Trump’s $10B IRS Lawsuit Could Upend the 2026 Tax Filing Season

President Trump's $10 billion lawsuit against the IRS adds to a chaotic 2026 tax season.…

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.