SALT deduction limit rises to $40,400 for 2026
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The federal deduction limit for state and local taxes (SALT) is $40,400 for tax year 2026, up from $40,000 in 2025 and $10,000 in 2024 before Trump's 2025 "big beautiful bill." The cap, available only to itemizers and covering property taxes plus either state income or sales taxes, will rise 1% annually through 2029 before falling back to $10,000 in 2030. Taxpayers claim the greater of itemized deductions or the standard deduction, $16,100 for single filers and $32,200 for married couples in 2026; about 90% of filers used the standard deduction in 2023.
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