News

The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from ...
Senate Republicans passed changes to the federal deduction for state and local taxes, known as SALT. Here's how the SALT ...
The new tax law hiked the SALT deduction cap to $40,000. That’s good news for taxpayers in high tax states, but it’s a ...
President Donald Trump’s “big beautiful bill” raises the SALT deduction cap to $40,000. Here’s who will benefit.
For the next five years, there will be a much more generous state and local tax deduction available to federal income tax ...
The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually ...
Final tax reform bill preserves SALT and PTET deductions for traders and professionals, avoiding SSTB carve-outs and ensuring ...
Congress passed a giant tax bill that includes the Senate's SALT changes that allow rich Americans in high-tax states to save ...
Business owners continue to get the biggest tax benefit.
This move marks a reversal in policy on SALT deductions, one of the most contentious features of the 2017 Tax Cuts and Jobs Act.
The SALT deduction cap is proving to be a major sticking point between House and Senate Republicans. Experts say expanding the cap will largely benefit wealthy American taxpayers.
The pledge to raise the cap on the state-and-local-tax deduction has caused particular consternation among Republicans because limiting the SALT deduction was one of the main methods used in 2017 ...