The NEW $40,000 SALT Tax Write-Off You Need to Know!

The SALT cap increased to $40K as of 2025. Here's what you need to know.
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The new tax bill just increased the SALT cap from $10,000 to $40,000, which will save individuals billions in taxes over the next few years. #SALT #SALTCAP #statetaxes #localtaxes #ptet

Plus, certain business owners and investors may be able to “double dip” into this deduction, or write-off more than the limit allows, by electing to write off some of these expenses through their business.

In this video, I am going to give you a very simple breakdown of these new rules so you know exactly how to benefit from this, as a practicing CPA that works around these rules everyday at mycpacoach.com

If that sounds good to you, please hit the Like button below, comment your thoughts as we go through this, and let’s dive in.

New SALT Rules: (0:00)
SALT Explained?: (0:45)
2025 SALT Cap: (2:15)
Itemized vs. Standard Deduction: (3:02)
Which is Best?: (3:40)
PTET Tax Strategy: (4:50)
Tax Savings Example: (5:45)
PTET Qualifications: (6:42)
Benefits: (7:56)
Tax Planning: (8:20)