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Home Market Research Markets

The New GOP Tax Bill Could Quadruple SALT Deductions for Homeowners

by TheAdviserMagazine
6 months ago
in Markets
Reading Time: 1 min read
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The New GOP Tax Bill Could Quadruple SALT Deductions for Homeowners
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Adam McCullough / Shutterstock.com

Relief may be on the horizon for homeowners struggling with property tax bills, especially those in high-tax states. The massive budget package recently passed by the House, nicknamed the “One, Big, Beautiful Bill,” contains a provision that would substantially increase the cap on state and local tax (SALT) deductions from $10,000 to $40,000 — potentially delivering significant tax savings to…



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