SALT CAP
CHALLENGE
STATE. LOCAL. MAXIMIZE.
OBBBAP.L. 119-21
OBBBA SALT RULES
- Cap: $40,000 for MAGI under $500,000
- MFS filers: $20,000 cap
- Phase-out: MAGI > $500K → −30¢ per $1 over
- Floor: cap never goes below $10,000
- Foreign taxes do NOT count as SALT
- 10 clients · 25 sec each · 3 lives