2026 SALT deduction limit raised to $40,400
- 1The Trump bill raised the 2025 SALT deduction limit to $40,000.
- 2The 2026 SALT deduction limit of $40,400 will increase by 1% annually through 2029.
- 3SALT deduction benefits will be phased out in 2026 if adjusted gross income exceeds $505,000.
So what's the key point?
The limit for tax deductions will increase to $40,400 in 2026. However, the benefit will gradually decrease if income is more than $505,000.
Source CNBC · View original ↗
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