SALT deduction 2025 & 2026

[VolvoGirl]

Is the SALT going up to 40,000 for 2025 tax returns or starting after Dec 31, 2025?  I think I'm reading conflicting or old info.  We were posting earlier how to prepare estimates with the new 40,000 limit but that was for 2025 taxes.  But now it seems to be for 2026 taxes starting next year.   

And also the extra 1,000 (2,000 MFJ) charity added on to the Standard Deduction, for 2025 or 2026?

[AmeliesUncle]

2025.

2026.

Here are the excerpts from the Act that was passed:

SEC. 70120. STATE AND LOCAL TAXES ... any taxable year beginning in calendar year 2025, $40,000.

SEC. 70424. CHARITABLE CONTRIBUTIONS OF INDIVIDUALS WHO DO NOT ELECT TO ITEMIZE ... shall apply to taxable years beginning after December 31, 2025.

https://www.congress.gov/bill/119th-congress/house-bill/1/text

[VolvoGirl]

Just saw that IRS Draft forms are out

Draft tax forms | Internal Revenue Service