State and Local Tax Deduction – Commonly Know as SALT
The deduction cap is temporarily increased to $40,000 for tax years 2025-2029 but gets phased out as your income exceeds $500,000 and is completely phased out when the income exceeds $600,000.
Enhanced Senior Deduction
Taxpayers aged 65 and older can claim an additional $6,000 deduction per person. It is based on age and income and phases out once your income exceeds $75,000 when filing single or $150,000 when filing Married Filing Jointly. This deduction is not available to Married Filing Separately. Contrary to the rhetoric, Social Security is still taxable as it was before up to 85% of benefits if your income exceeds $34,000 for filing Single and $44,000 if Married Filing Jointly.