The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from $10,000, for the next five years. Now it’s up to taxpayers to see if they can take advantage of this extra write-off, which is popularly referred to as the SALT deduction.

The recent tax legislation under President Trump has brought significant changes to the SALT deduction, offering potential relief to homeowners in high-tax states like New York, New Jersey, and California.