Calculate your State & Local Tax deduction under the new $40,400 cap. Find out if you should itemize or take the standard deduction.
You can deduct either state/local income tax OR sales tax — whichever is higher. The calculator picks the best option automatically.
Maximize your SALT deduction with professional tax filing software.
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Download a detailed PDF with your tax breakdown, deduction checklist, and strategies that may help reduce your future tax liability.
Studies show that Americans overpay an average of $1,200 per year in taxes simply because they miss deductions and credits they qualify for. The right tax strategy can save you $2,000 to $10,000 annually, depending on your income, filing status, and life situation.
Not adjusting W-4 withholding after marriage, a new child, or a raise — resulting in a surprise tax bill or an oversized refund (which is an interest-free loan to the IRS).
Choosing the standard deduction without comparing to itemized deductions. Homeowners in high-tax states often miss thousands in savings with the new $40,000 SALT cap.
Missing refundable credits like the Earned Income Tax Credit (EITC). About 20% of eligible taxpayers fail to claim EITC, leaving up to $7,830 on the table.
Tax brackets are marginal. A single filer earning $60,000 pays an effective rate of about 14% — not the 22% bracket rate. Here is how it breaks down:
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Average federal tax refund for 2025 filing season. Many taxpayers could keep this money year-round by adjusting their W-4 withholding.
of taxpayers take the standard deduction. With the 2026 increase to $16,100 (single) and $32,200 (married), even more will benefit.
of eligible taxpayers fail to claim the Earned Income Tax Credit, leaving up to $7,830 in refundable credits unclaimed each year.
New 2026 SALT deduction cap under OBBBA, up from $10,000. A major benefit for homeowners in high-tax states like CA, NY, and NJ.
Tax calculations are estimates for educational and informational purposes only. This site does not provide tax, legal, or financial advice. Tax laws change frequently. Always consult a qualified tax professional for advice specific to your situation. Data sourced from IRS publications and official state tax authority websites.
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