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Interactive guide · 2026 Tax Changes

How to Calculate SALT Deduction Cap

The state and local tax cap rose to $40,000. See whether itemising now beats the standard deduction.

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The formula

How this number is built

SALT allowed = min(state tax + property tax, $40,000 cap) · cap reduces by 30% of MAGI above $500,000
Step by step

Calculating it yourself

Step 1

Add state and local income tax, or sales tax if that is larger — you may claim one, not both.

Step 2

Add property tax on all real estate you own personally.

Step 3

Apply the $40,000 cap, reduced if your MAGI exceeds $500,000.

Step 4

Add mortgage interest, charitable gifts and qualifying medical costs to reach your itemised total.

Step 5

Compare that total to your standard deduction; itemise only if it is larger.

Questions

What people ask next

Is the higher cap permanent?

No. It is scheduled to increase slightly each year through 2029, then revert to $10,000 in 2030.

Does the cap apply per person or per return?

Per return. Married couples filing separately have half the cap each.

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