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Your email address will not be published.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 senior man at a sunny kitchen table highlights a credit card benefits guide near travel brochures and his smartphone. 8 Credit Card Perks Seniors Forget to Use
  • A retiree in a cardigan sits at a sunny kitchen table, carefully reviewing bank statements with a red pen and a magnifying glass. 9 Bank Fees Retirees Still Pay Without Realizing It
  • A senior couple sits at a wooden table in a sun-drenched room, calmly organizing their financial documents and laptop. 10 Things Every Senior Must Do Before the End of the Tax Year
  • A calm retiree sitting at her kitchen table looking out a rainy window, symbolizing peace of mind during market volatility. 8 Ways Retirees Are Protecting Their Nest Egg From Market Swings
  • Close-up of a person's hand on a wooden table, circling 'Net Benefit' on a bank statement next to a morning cup of coffee. 9 Social Security Rules That Could Quietly Reduce Your Monthly Check
  • A retired couple reviews tax documents and a tablet together at a sunlit kitchen table in a candid, domestic scene. 6 Tax Breaks Retirees Almost Always Forget to Claim
  • A senior man looks concerned while checking his smartphone at a kitchen table in the early morning light. How to Spot a Financial Scam Targeting Seniors Before It's Too Late
  • A conceptual mixed-media collage showing a 2026 dollar bill being stretched between two drafting tools, symbolizing financial planning. 7 Ways to Stretch Your Retirement Dollar Further in 2026
  • A senior couple at a sunlit kitchen table reviewing Medicare documents and a laptop in a realistic, home setting. The Biggest Medicare Mistakes Seniors Make (and How to Avoid Them)
  • A person in their late 50s thoughtfully reviews Social Security paperwork at a sunlit kitchen table with a laptop and coffee. Social Security Mistakes That Could Cost You Thousands in Retirement

Newsletter

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

Related Articles

save

6 New Ways Retirees Can Save on Taxes This Season

Are you trying to save more money when filing your taxes this season? We got…

Read More →
IRS refund

Tax Refund Alert: Americans May See a $1,000 Increase in 2026

2026 Tax Refunds Could Be the Biggest Ever—Who Qualifies and How to Prepare Now For…

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 →
change return

9 States That Made Big Changes to Their Tax Laws

Were you aware of these big changes to the state laws? Maybe you are aware…

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

These 5 Types of Retirement Income Are NOT Taxable

Are you looking for the types of income that are not taxable? If you are…

Read More →
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 documents

7 Important Tax Documents to Never Throw Away

Hands carefully sorting through an accordion file folder to ensure important tax documents are organized…

Read More →

Warning: 9 Reasons The IRS Can Audit You Anytime

Whenever it’s about taxes, I cross my fingers and hope everything will turn out fine.…

Read More →
A confident woman working on her taxes at a bright, organized home office desk.

IRS Alert: 6 Mistakes That Could Inflate Your Tax Bill

Tax season 2026 is here with new laws and higher deductions. Avoid these 6 costly…

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.