Glossary

SALT Deduction: What It Means and Why It Matters for Your W-4

The deduction for state and local taxes paid — capped at $40,000 under OBBBA 2026, up from $10,000.

Definition

The SALT (State and Local Tax) deduction allows taxpayers who itemize to deduct state income taxes (or sales taxes) and property taxes from federal taxable income. Under OBBBA 2026, the annual cap was raised from $10,000 to $40,000 — a dramatic increase that significantly benefits homeowners in high-tax states.

Before OBBBA, the $10,000 cap meant that many California, New York, New Jersey, and Massachusetts taxpayers couldn't deduct most of their state taxes. At $40,000, a much larger portion becomes deductible, making itemizing worthwhile for far more people.

The SALT deduction is part of itemized deductions on Schedule A — it only applies if your total itemized deductions exceed the standard deduction.

How this affects your W-4

If you pay significant state income taxes and/or property taxes, recalculate your itemized deductions under the $40,000 SALT cap. If your new total exceeds the standard deduction, enter the excess in Step 4b to reduce withholding.

For a married homeowner with $38,000 in SALT and $12,000 in mortgage interest: total itemized = $50,000. Step 4b entry = $50,000 − $30,000 = $20,000.

See how salt deduction affects your withholding

Use the free W-4 calculator to calculate your exact withholding with your specific situation.

Open the W-4 Calculator →

Related terms