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Money and Finances
Reply to "2025 SALT Deductions"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]With SALT deduction in 2025, that would push us to itemize, and would give us the full benefit of charitable deductions right? (Unlike in 2026, when there are more limitations on charitable deductions.) Trying to get a handle on the full scale of the tax savings. [/quote] The limits are pretty loose — you can't deduct the first .05% of your charitable donations. For my family, that knocks off about $200 in deductible donations, but we typically deduct more than $10,000 a year in charitable giving, so I don't really intend to change anything because of that tax change.[/quote] Sorry, that's not right — typo. It's first .5%, and we lose about $2,000 in deductible donations. Still not planning to give less.[/quote] You’re making $400,000 in donations? Good for you![/quote]
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