The One Big Beautiful Bill has temporarily raised the state and local tax (SALT) deduction cap for many taxpayers, while preserving the benefits of pass-through entity (PTE) tax payments. The Previous Tax Law Previously, for tax years beginning before December 31, 2025, individuals who itemize deductions have been limited to a maximum of $10,000 in SALT deductions. […] The post The One Big Beautiful Bill Breakdown: State and Local Tax Individual Deductions and Pass-Through Entity Tax Paym...
