H.R. 1 increases the SALT deduction cap to $40,000 in 2025 (up from $10,000), rising to $40,400 in 2026 and 1% annually through 2029, before reverting to $10,000 in 2030.
multiple outlets, traced to a single source · Reported fact · first recorded Jul 7, 1:30 PM
Outlets disagree on this: Multiple outlets report the SALT cap rises to $40,000 through 2029 starting in 2025, consistent with H.R. 1 text. However, one outlet (finance.yahoo.com) describes the cap as rising to $40,000 'through 2029' without specifying the annual increment schedule, while Kiplinger and another Yahoo Finance article simply state '$40,000 through 2029', omitting the existing cluster's detail that it rises to $40,400 in 2026 and 1% annually before reverting to $10,000 in 2030. No direct numerical contradiction is introduced, but the reversion clause and annual increment are not confirmed by new claims.
Although several outlets carry this claim, their reporting traces back to a single shared source — so it counts as one confirmation, not several.
How each outlet reported it
Congressional Research ServiceOfficial record · Jul 7, 12:15 AM
Section 70120 increases SALT deduction cap to $40,000 in 2025 from $10,000, then increases to $40,400 in 2026 and 1% annually through 2029, reverting to $10,000 in 2030.
Details: $40,000; $10,000; 2025; 2030
cpapracticeadvisor.comUnrated · Jul 8, 12:45 AM
The OBBBA increases the annual SALT dollar cap to $40,000 for 2026 through 2029.
Cites: One Big Beautiful Bill Act (OBBBA) · Details: $40,000 cap; 2026-2029; four times previous level
finance.yahoo.comUnrated · Jul 8, 12:45 AM
The OBBBA raised the State and Local Tax (SALT) deduction cap from $10,000 to $40,000 through 2029.
Details: $10,000; $40,000; through 2029
fool.comUnrated · Jul 8, 12:45 AM
The OBBBA raised the State and Local Tax (SALT) deduction cap from $10,000 to $40,000 through 2029
Details: $10,000 to $40,000; through 2029
kiplinger.comUnrated · Jul 8, 12:45 AM
The state and local tax (SALT) deduction cap has been raised to $40,000 through 2029
Details: $40,000; through 2029; temporary
finance.yahoo.comUnrated · Jul 8, 12:45 AM
The state and local tax (SALT) deduction quadruples to $40,000 for the 2025 tax year
Details: $40,000; quadruples from $10,000
cpapracticeadvisor.comUnrated · Jul 8, 12:45 AM
The One Big Beautiful Bill Act (OBBBA) raised the SALT cap to $40,000 beginning in 2025.
Details: OBBBA; 2025; $40,000
cpapracticeadvisor.comUnrated · Jul 8, 12:45 AM
For 2026 through 2029, the $40,000 SALT cap is increased by 1% each year until it reverts to $10,000 in 2030.
Details: 2026-2029; 1% increase per year; reverts to $10,000 in 2030
kiplinger.comUnrated · Jul 8, 12:45 AM
The SALT deduction cap rises from $10,000 to $40,000 for tax years 2025 through 2029
Details: $10,000 to $40,000; 2025-2029
cpapracticeadvisor.comUnrated · Jul 8, 12:45 AM
OBBBA raises the SALT deduction cap from $10,000 to $40,000 through 2029
Details: $10,000 to $40,000; through 2029
pasadenastarnews.comUnrated · Jul 8, 12:45 AM
OBBBA temporarily raises the SALT deduction cap from $10,000 to $40,000 for married couples filing jointly and single filers.
Details: $10,000 to $40,000; 2025 through 2029