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HRBBullishEconomicnews
High materiality8/10

The SALT deduction is now much more generous. Here’s how to get the most out of the tax break. - MarketWatch

Jul 9, 2025, 6:19 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

The SALT deduction increase encourages itemization, benefiting HRB's tax services. Historical trends show similar tax changes led to increased demand for tax assistance.

AI summary

What happened, with direct paths to the underlying reporting

SALT deduction increased from $10,000 to $40,000 for homeowners. The change may alter homeowners' deduction strategies significantly. H&R Block anticipates more taxpayers will choose to itemize deductions. Income limits introduced could affect high-earning taxpayers' deductions. State and local tax changes may lead to future tax strategy shifts.

  • SALT deduction increased from $10,000 to $40,000 for homeowners.
  • The change may alter homeowners' deduction strategies significantly.
  • H&R Block anticipates more taxpayers will choose to itemize deductions.
  • Income limits introduced could affect high-earning taxpayers' deductions.
  • State and local tax changes may lead to future tax strategy shifts.

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