SALT (State and Local Tax)

State and local tax deductions, currently capped at $10,000 annually. Includes property taxes and either state income or sales tax.

QBI (Qualified Business Income) Deduction

A 20% deduction on qualified business income for pass-through entities, subject to limitations based on income level and business type.

CTC (Child Tax Credit)

Credit for taxpayers with qualifying children under 17. Currently $2,000 per child, partially refundable.

EITC (Earned Income Tax Credit)

Refundable credit for low to moderate-income workers. Amount varies based on income and number of qualifying children.