Before the One Big Beautiful Bill Act (OBBBA) shook things up in 2025, states were already juggling tax conformity rules tied to the 2017 Tax Cuts and Jobs Act (TCJA). That law capped state and local tax (SALT) deductions at $10,000, forcing hig...
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Why OBBBA Feels Spicy in Some States and Sour in Others
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Subscribe18 AUG 2025 / ACCOUNTING & TAXES
The One Big Beautiful Bill Act (OBBBA) implemented in 2025 has significantly reshuffled United States taxation regimes with its permanent individual tax cuts and bonus deductions, leading to state-by-state variations in tax revenues. Though the Act generates large tax cuts for states like Wyoming, it places high-tax coastal states under renewed pressure due to the new State and Local Tax (SALT) cap of $40,000, which is predicted to drop back to $10,000 in 2029, potentially altering the balance of coastal and inland economics and causing increased complexity for tax professionals and businesses.
Before the One Big Beautiful Bill Act (OBBBA) shook things up in 2025, states were already juggling tax conformity rules tied to the 2017 Tax Cuts and Jobs Act (TCJA). That law capped state and local tax (SALT) deductions at $10,000, forcing hig...
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