Understanding the intricacies of the State and Local Taxes (SALT) deduction is crucial for optimizing your tax strategy. With ...

The measure is often referred to as the SALT income tax deduction. (SALT stands for “state and local taxes.”) It allows ...

For 2025, single filers can claim a standard deduction of $15,750, while married couples filing jointly can claim a standard ...

NewHomeSource reports on the 'Big Beautiful Bill,' impacting homebuyers with mortgage tax deductions, SALT cap increases, and ...

The SALT deduction cap will temporarily increase to $40,000 per household, but only for those with adjusted gross incomes (AGI) at or below $500,000. Those above that income limit would be subject ...

On July 4, 2025, President Donald Trump signed the reconciliation bill, known as the “Big Beautiful Bill” (“BBB”), which ...

The higher cap in the Big Beautiful Bill looks like good news, Ross Atefi, founder of Yatra Wealth Design, warns that for ...

Thanks to the One Big Beautiful Bill ACT (OBBBA), some taxpayers can now take greater advantage of the state and local tax ...

Trump’s 2025 tax overhaul expands deductions and investor breaks. Here’s how to lock in savings before the year ends.

The "One Big, Beautiful Bill" increases two significant tax deductions, but cuts clean energy tax credits for the 2025 tax ...

A higher cap on the deduction for state and local taxes is one element of Trump’s Big Beautiful Bill that Gov. JB Pritzker ...

This year, an individual has a $40,000 maximum on SALT and a $15,750 standard deduction. A married couple filing jointly gets the same $40,000 maximum, but a $31,500 standard deduction.