Consumer Guide Update: State and Local Tax (SALT) Deductions
NAR is pleased to share the latest consumer guide focused on state and local tax (SALT) deductions. This guide explains federal tax law changes that temporarily quadruple the amount of state and local taxes (SALT) that taxpayers can deduct and will make homeownership more accessible and affordable, especially for people in higher-tax states.
As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor. Please allow a few days for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a list of the most recent guides:
- Assistance Programs
- Real Estate Auctions
- Working with a Real Estate Attorney
- Making Your Home More Energy Efficient
- Buying a Historic Property
Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy.
Be on the lookout for next week’s guide on August 6, which will cover packing tips and tricks.
