Amanda Han | Real Estate CPA & Tax Strategist on Instagram: "There’s a major tax update homeowners need to know about. Starting with the 2025 tax year (the returns you file in 2026), the IRS increased the state and local tax (SALT) deduction cap from $10,000 to $40,000. The SALT deduction includes: • Property taxes paid on your home • State income taxes • Certain local or city income taxes For many homeowners, especially those in higher-tax states, this change can significantly impact their tax