2025 Tax Reform Highlights – What you need to know about the “One Big Beautiful Bill Act”
CapataCPA
JULY 11, 2025
SALT Deduction Cap Temporarily Increased From 2025 to 2029, the state and local tax deduction cap rises to $40,000, with slight annual increases. The cap returns to $10,000 in 2030 and is subject to phaseouts for higher-income households. What This Means for You The OBBBA reinforces a pro-business tax environment.
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