Vermont SALT Cap Calculator
For Vermont filers.
The short answer: At the scenario numbers below, the OBBBA SALT deduction is $8,500 — about $1,870 back at a 22% rate ($72 per biweekly paycheck).
Old cap (pre-OBBBA): $10,000 deductible
Your OBBBA cap: $40,000
Extra deduction: $8,500
Est. federal tax savings: $1,870
Your state+local taxes ($18,500) are below your $40,000 cap
⚠️ This calculator provides estimates for informational and educational purposes only. It is not tax advice. Results are based on the One Big Beautiful Bill Act (OBBBA) and IRS Schedule 1-A. Consult a qualified tax professional for your specific situation.
Your State's Slice of the $40,000 Cap
Vermont's 8.75% top bracket plus high property tax per home value stack SALT quickly.
- • Income + property → SALT to $40,000
- • Phase-out above $500,000 MFJ
- • Homestead declaration affects state education tax — use actual paid
Worked Example
A Burlington MFJ household, $215,000 MAGI: about $12,000 income tax plus $6,500 property tax.
- • Deductible amount: $8,500
- • Federal income tax savings: $1,870 (at the 22% marginal rate)
- • Per biweekly paycheck: $72
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Frequently Asked Questions
Did the SALT cap increase help Vermonters?
For itemizers over $10,000 combined — common at Vermont's higher brackets.
Vermont education property tax?
It's property tax — fully within SALT.