Trump's Tax Changes: Maximize SALT Deductions and Capital Gains Savings in 2025-2026
TL;DR Summary
President Trump’s legislation increased the SALT deduction limit to $40,000 for 2025, allowing itemizers to maximize their tax benefits by prepaying property taxes and estimated state income taxes, especially for high earners, while being mindful of phaseouts and the 'SALT torpedo' effect for incomes between $500,000 and $600,000.
Topics:business#finance#high-income-earners#salt-deduction#tax-legislation#tax-planning#tax-strategy
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