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Trump's Tax Changes: Maximize SALT Deductions and Capital Gains Savings in 2025-2026

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Source: CNBC
Trump's Tax Changes: Maximize SALT Deductions and Capital Gains Savings in 2025-2026
Photo: CNBC
TL;DR

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:businessfinance#finance#high-income-earners#salt-deduction#tax-legislation#tax-planning#tax-strategy
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  1. Trump raised the SALT deduction limit to $40,000 for 2025 — here's how to maximize it  CNBC
  2. Trump raised the SALT deduction cap to $40,000: Here's what it means for taxpayers  CNBC
  3. Trump’s ‘Big Beautiful Bill’ could save New Yorkers nearly $4,000 in 2026: Here's what to expect  Democrat and Chronicle
  4. Ask the Editor, September 5: Tax Questions on SALT Deduction  Kiplinger
  5. There's a ‘golden opportunity’ to pay 0% capital gains under Trump’s ‘big beautiful bill,’ experts say  CNBC

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