The SALT deduction is now much more generous. Here’s how to get the most out of the tax break. - MarketWatch
1. SALT deduction increased from $10,000 to $40,000 for homeowners. 2. The change may alter homeowners' deduction strategies significantly. 3. H&R Block anticipates more taxpayers will choose to itemize deductions. 4. Income limits introduced could affect high-earning taxpayers' deductions. 5. State and local tax changes may lead to future tax strategy shifts.