SALT Deduction Cap

Quadrupled SALT deduction limit means more taxpayers will benefit from itemizing on their 2025 returns

February 19th, 2026|Categories: Accountant, accountant near me, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Deductions, OBBBA, One Big Beautiful Bill 2025, One Big Beautiful Bill Act, SALT Deduction Cap, SALT Deductions, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Tax Filing Status, Tax Preparation, tax preparer near me, Tax Return Filing, Texas CPA, The Burns Firm|Tags: CPA Dallas, cpa near me, Dallas CPA, Increased Limit on SALT Deduction, Itemizing vs Standard Deduction, OBBBA, SALT deductions, tax, tax advisor, tax return deductions, tax return preparation, Texas CPA, The Burns Firm|

An important decision to make when filing your individual income tax return is whether to claim the standard deduction or itemize deductions. A change under the One Big Beautiful Bill [...]

What the New Tax Law Could Mean For You

July 24th, 2025|Categories: Accountant, Burns Firm, Child Tax Credit, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Estate Tax Exemption, Gift Tax Exemption 2025, New for 2025, OBBBA, One Big Beautiful Bill 2025, One Big Beautiful Bill Act, SALT Deduction Cap, Services, Tax, Tax Advisor, Tax Brackets, Tax Law, Texas CPA, The Burns Firm|Tags: 2025 New Tax Law, 2025 Senior Deduction, Changes to Tax Laws 2025, Child Tax Credit 2025, CPA, cpa near me, Dallas CPA, Increased Standard Deductions, OBBBA, One Big Beautiful Bill Act, tax, tax advisor, Tax law changes, Tax Rates and Brackets, The Burns Firm|

As 2025 began, individual taxpayers faced uncertainty with several key provisions of the tax law that were set to expire at the end of the year. That changed on July [...]