Insight
The SALT cap will rise to $40K for married couples from 2025 until at least 2029.
This article provides a checklist for real estate investors to ensure they're maximizing tax deductions. It highlights key forms like 1099s and discusses changes to bonus depreciation and the SALT cap. Hosts should review their records and understand eligible deductions to minimize their tax burden.
The SALT cap will rise to $40K for married couples from 2025 until at least 2029.