Скачать или смотреть SALT Deduction Cap Up to $40K: What That Means for Your Taxes

The SALT deduction cap is increasing up to $40,000, and yes, it could significantly change how much state and local tax you can deduct on your federal return.

In this video, I break down what the higher SALT deduction cap really means, who benefits the most, and how this change could impact high-income earners, homeowners, and pass-through business owners. I explain it in plain English, without the political noise or tax-code gymnastics.

You’ll learn:
What the SALT deduction is and why it was capped in the first place

How the proposed $40,000 SALT cap works

Who qualifies and who won’t see much benefit

How this could affect your itemized deductions and tax planning strategy

What to watch for before you assume this lowers your tax bill

This is especially important if you live in a high-tax state, own property, or typically itemize deductions instead of taking the standard deduction.

📌 This is tax education, not tax advice. Always consult a tax professional about your specific situation.

If you want more clear, no-nonsense explanations of tax law changes, deductions, and smart tax planning strategies, make sure you subscribe and check out the resources linked below.

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About Me:

I’m Shantrell Parker, a Tax Accountant & Strategist with 25+ years of experience.

I make taxes simple, stress-free, and money-saving for busy families & entrepreneurs.

DISCLAIMER: This video is not sponsored. Any reviews or product mentions are my own opinion. Some links are affiliate links, and I may receive a small commission at no additional cost to you. Thank you for supporting my mission!