This Is How Much Bigger Your Tax Refund Will Be After New SALT Deductions

According to Ruth White, former IRS auditor co-founder of White Sands Tax Services, around 90% of taxpayers used the standard deduction in 2024. White expects that to change significantly for 2025 filings, thanks in part to a revision in the tax code. “While preparing 2025 filings, I’ve seen that my middle-class clients earned a minimum of $10,000 to $20,000 more in 2025 but owed less income tax due to this State and Local Tax (SALT) revision in the tax code,” White said. The SALT deduction cap rose fro ...