1, ‘SALT’ deduction
Starting in 2025 the cap to $40,000. It also begins to phaseout at $500,000.
2, Child tax credit
Starting in 2025 credit to $2,200.
3, Senior ‘bonus’ deduction
Americans ages 65 and over deduction to $6,000 per qualifying individual.
Individuals with up to $75,000 in modified ...