GENERAL LEDGER

Weekly News From Santora CPA Group

3.6.2026 | Issue 219

You'll find links to the Alerts and Useful Info we've posted on our website, which includes time-sensitive information and any other issues that might impact you or your business, as well as any news from around our office.

 

Your Weekly Catch-Up

 
 
 

Quadrupled SALT Deduction Limit Means More Taxpayers Will Benefit from Itemizing on Their 2025 Returns

An important decision to make when filing your individual income tax return is whether to claim the standard deduction or itemize deductions. A change under the One Big Beautiful Bill Act (OBBBA) will make it beneficial for more taxpayers to itemize deductions on their 2025 returns. Specifically, if you paid more than $10,000 in state and local taxes (SALT) last year, you might save tax by itemizing on your 2025 return even if claiming the standard deduction has saved you more tax in recent years.

 
 

If You're Married, Should You File Jointly or Separately?

Before Claiming a Charitable Deduction for 2025, Make Sure You Can Substantiate It

There's Still Time to Set Up a SEP and Reduce Your 2025 Taxes

 
 

We're Hiring

 

We are growing! Are you (or someone you know) ready to take the next step in your (their) career? Check out our current openings:

 
 

Helpful Links

 
 
 
 

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www.santoracpagroup.com | 302.737.6200