Tax Guides
SALT Deduction 2026: New $40,000 Cap Explained Under OBBBA
The OBBBA quadruples the SALT deduction cap from $10,000 to $40,000 for 2026, with significant implications for high-tax state taxpayers.
8 min read
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The OBBBA quadruples the SALT deduction cap from $10,000 to $40,000 for 2026, with significant implications for high-tax state taxpayers.
Comprehensive guide to Schedule C receipt and documentation requirements for self-employed filers, covering expense categories, audit risks, and recordkeeping best practices.
