What Does The SALT Cap Increase Mean For My Taxes?
What Does The SALT Cap Increase Mean For My Taxes?
As a New York homeowner, the recent changes to the State and Local Tax (SALT) deduction cap, as part of the "One Big Beautiful Bill Act," can significantly impact your tax situation.1 Here's an explanation of the changes and some practical actions you can take.
***This is not tax, financial or legal advice. Consult a tax accountant to ensure that your financial obligations are met and properly handled. The purpose of this article is to share opinions based on limited knowledge and research about a topic that should be of interest to my consumer base.