The SALT cap for 2026 is $40,000, raised by the One Big Beautiful Bill Act (OBBBA) for tax years 2025-2029 from the previous $10,000 limit.
This caps the deduction you can claim for state and local taxes on your federal return. However, the deduction phases out for taxpayers with modified adjusted gross income above $500,000.
Planning strategies include pass-through entity tax (PTET) work-arounds for business owners, bunching itemized deductions, and timing Roth conversions to manage modified adjusted gross income (MAGI.) A tax advisor can help you structure deductions to capture the full benefit.
We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.
