Quadrupled SALT deduction limit means more taxpayers will benefit from itemizing on their 2025 returns - WCS - CPA in Elkton MD

Quadrupled SALT deduction limit means more taxpayers will benefit from itemizing on their 2025 returns - WCS - CPA in Elkton MD

An important decision to make when filing your individual income tax return is whether to claim the standard deduction or itemize deductions. A change under the One Big Beautiful Bill Act (OBBBA) will make it beneficial for more taxpayers to itemize deductions on their 2025 returns. Specifically, if you paid more than $10,000 in state and local taxes (SALT) last year, you might save tax by itemizing on your 2025 return even if claiming the stand…