The new law lifts what had been a $10,000 cap to $40,000 for tax year 2025 and then adjusts it upward by 1% a year for 2026, ...

A deduction to defray homeowners’ state income taxes and local property taxes is getting much more generous, following fierce ...

Changes to the state and local tax (SALT) deduction in the so-called 'One Big Beautiful Bill' have this tax break in the ...

Homeowners in New Jersey, New York, Connecticut, and California are poised to gain the most from the new SALT deduction in President Trump's tax law.

Californians will be able to deduct more of their state and local taxes on their federal income tax returns thanks to the Big ...

President Donald Trump's tax and spending bill revives and expands homeowner tax breaks — while making the current mortgage ...

The latest SALT deduction change could mean thousands in tax savings for small businesses. But it’s won't be a permanent staple.

A new $6,000 tax break for Americans aged 65-plus could offer relief, but some may see little benefit. Here’s who will ...

President Donald Trump's 'Big Beautiful Bill' increases the state and local tax deduction from $10,000 to $40,000.

Wondering how the new tax law will impact your own finances? Here are some of the major provisions that could touch everyday ...

Getting your Trinity Audio player ready... On July 4, the “One Big Beautiful Bill” was signed into law making it the “One Big Beautiful Act” and enacting sweeping changes to the Internal Revenue Code.

The new tax law makes substantial changes for the 2025 tax year. Here are 6 new tax provisions that could help you save on ...