The 2025 SALT Cap Warning
Attention CA and NY Homeowners: Filing separately in 2025 could cost you $20,000 in lost deductions.
The SALT cap is a moving target. In 2025, the 'penalty' for filing separately is becoming significantly more expensive for high-earning homeowners.
• The Cap: Joint filers get a $40k limit; separate filers are slashed to $20k.
• The Property Tax Trap: Your home's taxes could eat your entire SALT allowance before you even count income tax.
• The S3 Advice: Audit your 2025 projections now to avoid an 'Unsound' filing status.
Watch the full podcast episode for more details: https://youtu.be/PcxDvaTqdtE
DISCLAIMER: This content is for educational purposes only and should not be considered personalized financial advice. Always consult with a qualified financial professional before making financial decisions.