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Kiplinger
Kiplinger
Business
Gabriella Cruz-Martínez

New SALT Deduction Could Put Thousands Back in California Homeowners’ Pockets

California Danielle Hale Donald Trump Realtorcom Kiplinger
A toy home sits on top of scattered hundred-dollar bills.

California homeowners will be able to deduct thousands of dollars more of their state and local taxes this upcoming tax season.

President Donald Trump recently signed the so-called “One Big Beautiful Bill” into law, and one provision allows taxpayers with incomes under $500,000 to deduct up to $40,000 in state and local taxes (SALT) when they file taxes in early 2026.

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