Tax Alpha Insider

Tax Alpha Insider

The One, Big, Beautiful Bill updates SALT, EBL, RQOF, but not LOL3K

What is LOL3K?

Brent Sullivan's avatar
Brent Sullivan
May 14, 2025
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Four things that caught my eye in The One, Big, Beautiful Bill…

SALT:

  • The $10,000 state and local tax itemized deduction limit for married taxpayers filing jointly is set to expire Dec 31, 2025 (TCJA 2017)

  • OBBB increases it to $30,000, and phases it out progressively for MAGI > $400,000 down to the current $10,000 limit

  • The change would be permanent

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