The One Big Beautiful Bill Act that President Trump is expected to sign later today will increase the cap on the itemized deduction for SALT (state and local taxes) from $10,000 to $40,000! In this video, I get into: - When the new $40,000 SALT cap goes into effect - How the limitation on the SALT cap based on income works - What the annual increase in the SALT cap works - When this increased cap sunsets #onebigbeautifulbill #taxes #taxtips