Oklahomans: Trump’s Tax Change Could Save You Thousands
Oklahoma friends — did you miss this hidden tax break in Trump’s “Big Beautiful Bill”? If you are itemizing your tax deductions, this could mean real money back. DM me if you want to see how this plays out for your family.
Video transcription:
Did you know Trump’s Big Beautiful Bill included a massive surprise tax break for some Oklahomans?
It comes courtesy of the “SALT Deduction” - which stands for state and local tax. Before Trump’s bill passed, the maximum amount of state and local taxes we could write off on our federal tax returns was $10,000, but that’s been increased to $40,000!
That means if you’ve been itemizing your deductions and feeling like your property taxes or state income taxes weren’t helping you out, that could change!
There’s a catch: this boost phases out for incomes over about $500K — but if you’re under that? It could be real money back in your pocket.
This is one of those “small lines in a big bill” things that most people miss — but it could help you free up cash for college savings, retirement, or even that long-overdue bathroom remodel.
Wondering if this change helps you? Let’s create you a Big Beautiful Financial Plan to find out!
