The New $40,000 SALT Deduction: Who Benefits and Who Doesn't Under OBBBA

Описание: The One Big Beautiful Bill Act (OBBBA) dramatically increased the state and local tax (SALT) deduction from $10,000 to $40,000 through 2029. But there's a catch—this benefit phases out based on your income level, and your state of residence plays a huge role in whether you'll actually benefit.

In this video, Michael Henley and Alison Dorsman break down the new SALT deduction rules and walk through examples showing who qualifies for significant tax savings. You'll discover why Delaware residents with $500,000 in income might save significantly on taxes, while Pennsylvania residents with the same income may see little to no benefit due to state tax differences.

The new rules create both opportunities and potential pitfalls that require careful analysis of your specific situation.

Watch the video to understand how these changes might impact your tax strategy, then contact Brandywine Oak Private Wealth at (484) 785-0050 or https://brandywineoak.com/contact/ to review your situation.

Time Stamps:
0:00 – Introduction from Michael and Alison
0:20 – Overview of the State and Local Tax (SALT) Deduction
0:36 – What changed: Pre-OBBBA vs. Post-OBBBA rules
0:53 – New $40,000 SALT deduction cap explained
1:04 – Income limits and phase-out details
1:26 – Why more people may now itemize deductions
1:36 – Scenario: Married couple in Delaware with $500K income
2:12 – Full deduction opportunity under new rules
2:26 – Mortgage interest and itemization
2:47 – State residency impact (Delaware vs. Pennsylvania)
3:25 – Income planning strategies: Should you stay under $500K?
4:06 – The importance of personalized planning
4:23 – Final thoughts and closing

Brandywine Oak Private Wealth was founded with a clear mission: provide personalized Family Wealth Plans to successful families who often lack the time, resources, and desire to manage their wealth effectively.


Learn more by visiting https://brandywineoak.com/