10/25/2026
💰 **October Tax Q&A: What Is the SALT Deduction?**
🏡 Did you know that the state and local taxes you pay could help reduce your federal income tax bill?
The **State and Local Tax (SALT) deduction** allows eligible taxpayers who itemize to deduct certain state and local taxes, including property taxes and state income or sales taxes.
💡 **What's New for 2026?**
✅ The SALT deduction limit has increased to **$40,400** for eligible taxpayers.
✅ The deduction can be especially beneficial for homeowners and taxpayers living in higher-tax states like New York.
✅ Higher-income taxpayers may face a reduced deduction limit.
Understanding how these changes affect your tax situation could help you make smarter financial decisions and potentially reduce your tax liability.
📊 At **Hedley & Company CPA**, we're here to help you navigate changing tax laws and make the most of available deductions.
👉 Check out our **October 2026 Q&A** to learn more about the SALT deduction!
🔗 https://e.clientlinenewsletter.com/hedley/2026Oct/October_2026_Q_and_A
Let's talk about the state and local taxes (SALT) deduction.