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Your email address will not be published.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

check, tax your social security

You’re Free! These 5 States Won’t Tax Your Social Security

Were you wondering which states will not tax your Social Security benefits? When it comes…

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 →
A woman smiling at her phone in a bright kitchen, representing the relief of receiving a tax refund.

When Will Your 2026 Tax Refund Arrive? IRS Timeline Explained

Wondering when your 2026 tax refund will arrive? Check our estimated IRS schedule, learn about…

Read More →
new 2024 tax plan

Biden Proposed a New 2024 Tax Plan (and You Should See It Now)

What does President Biden’s proposed budget for the new 2024 tax plan look like? Biden’s…

Read More →
experts, reduce, change, taxes, home, income

Want to Reduce Your Taxes? Here Are 7 (Necessary) Tips 

Is it possible to reduce your taxes? Tax season is back! Even though paying taxes…

Read More →
tax deductions, save

Top 9 Most Hassle-Free Deductions on Taxes

Best 9 Deductions on Taxes You Have To Know About Did you know that the…

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 →
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 →
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 →
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.