With New SALT Deduction, should you itemize?
Автор: SD Mayer & Associates LLP
Загружено: 2026-02-17
Просмотров: 46
Описание: One big decision to make when filing your individual income tax return is whether to claim the standard deduction or itemize. Itemizing saves tax if total itemized deductions are larger than the standard deduction. If you paid more than $10,000 in state and local taxes (SALT) last year, you might save tax by itemizing on your 2025 return even if claiming the standard deduction has saved you more tax in recent years. This is because of a tax law change that increased the SALT deduction limit to $40,000 for 2025 ($20,000 for married couples filing separately). But an income-based limit could reduce your SALT deduction. We can assess the impact of the SALT limit change on your tax situation.
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