salt deduction Archives - Milliken, Perkins & Brunelle

Quadrupled SALT deduction limit means more taxpayers will benefit from itemizing on their 2025 returns

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February 17, 2026 Kevin Brunelle itemized deduction, OBBBA, salt deduction, tcja

SALT deduction 2025

An important decision to make when filing your individual income tax return is whether to claim the standard deduction or itemize deductions. A change under the One Big Beautiful Bill Act (OBBBA) will make it beneficial for more taxpayers to itemize deductions on their 2025 returns. Specifically, 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.

The 2025 SALT deduction cap increase might save you substantial taxes

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October 21, 2025 Kevin Brunelle AMT, MAGI, OBBBA, property tax, salt deduction, tcja

2025 SALT deduction

If you pay more than $10,000 in state and local taxes (SALT), a provision of the One Big Beautiful Bill Act (OBBBA) could significantly reduce your 2025 federal income tax liability. However, you need to be aware of income-based limits, and you may need to take steps before year end to maximize your deduction.
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What the new tax law could mean for you

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July 20, 2025 Kevin Brunelle Child Tax Credit, estate exemption, gift tax, salt deduction, senior deduction, standard deduction, vehicle deduction

One Big Beautiful Bill

As 2025 began, individual taxpayers faced uncertainty with several key provisions of the tax law that were set to expire at the end of the year. That changed on July 4, when President Trump signed the One, Big, Beautiful Bill Act (OBBBA) into law. The OBBBA not only makes many TCJA provisions permanent but also introduces several new benefits — although some other tax breaks have been removed. Below is a summary of eight areas with changes that may impact you and your family.