Financial Advisor Playbook Trump's bigger SALT deduction limit could 'drive higher refunds,' tax expert says — here's who benefits
Adrian Bogdan
With tax season underway , many filers are expecting bigger refunds due to retroactive changes enacted in President Donald Trump 's " big beautiful bill ." One expanded tax break in particular could trigger a sizable windfall for certain filers, experts say. For 2025, the legislation raised the federal deduction limit for state and local taxes , known as SALT, to $40,000, up from $10,000. Filers must itemize tax breaks rather than claiming the standard deduction to benefit from the higher SALT
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