Standard Deduction 2025 and 2026: Amounts, Exceptions, and Who Should Itemize
Standard Deduction 2025 and 2026: Amounts, Exceptions, and Who Should Itemize
Nov 4, 2022
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What is the Standard Deduction in 2025 and 2026 & Should You Take It?
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💰 Big update for taxpayers this year! The State and Local Tax (SALT) deduction—originally capped at $10,000 under the 2017 Tax Cuts and Jobs Act (TCJA)—has finally been expanded. 📈 This cap limited how much you could deduct for property taxes, state income taxes, and certain local taxes on your federal return. For years, that $10K ceiling has prevented many filers from benefiting fully from itemizing. The new tax law raises that limit, offering meaningful relief to households with higher prope
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Mastura Bahrom on Instagram: "🏙️ SALT-вычет: что важно знать домовладельцу в Нью-Йорке Покупка недвижимости — это не только квадратные метры. Это ещё и налоги, о которых часто говорят неправильно. 📌 Что такое SALT-вычет? SALT (State and Local Tax Deduction) — это часть налоговой декларации, которая позволяет вычитать из федерального налога: ✔️ налог штата на доход ✔️ налог на недвижимость ✔️ местные налоги 👉 Важно: С 2018 года (после налоговой реформы TCJA 2017) лимит SALT-вычета — $10,000. Э
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