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Level 3
February 23, 2026
Question

40k SALT tax limitation

  • February 23, 2026
  • 1 reply
  • 3 views

Is there or is there not, a 500,000 agi limit on the 40k SALT increase?  A phase out that occurs when you hit 500k AGI?

 

1 reply

Skylane
Intuit Community Champion
February 23, 2026

There's a phaseout starting at MAGI = 500K.  It reduces the SALT deduction to floor of 10K when MAGI reaches 600k.  I assume (hope) the software will handle it but my higher income earners haven't come in yet... so I'm expecting someone else will be the guinea pig.

If at first you don’t succeed…..find a workaround