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The new $40,000 cap on SALT deductions in Trump’s big bill aids homeowners most in these cities
The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from ...
Who will — and won’t — benefit from the bigger SALT deduction
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, ...
SALT deduction cap boosted to $40,000 — here’s who stands to get the biggest tax break
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 ...
SALT Deduction 2025: Three Things to Know Now
Changes to the state and local tax (SALT) deduction in the so-called 'One Big Beautiful Bill' have this tax break in the ...
Long Island Press5d
SALT deduction grows to $40K, stirring debate among Long Island reps
After years of debate, the U.S. House of Representatives passed a bill that raises the cap on the state and local tax ...
The SALT deduction is now much more generous. Here's how to get the most out of the tax break.
To take advantage of the newly raised SALT cap, taxpayers have to itemize their deductions instead of taking the standard deduction. When deciding which way to go, it's a matter of seeing which amount ...
How the ‘Senior Deduction’ in the Big, Beautiful Bill Could Help Retirees Keep Their Homes
A new $6,000 tax break for Americans aged 65-plus could offer relief, but some may see little benefit. Here’s who will ...
Trump's 'big beautiful bill' could deliver 45.5% 'SALT torpedo' for high earners, tax pro says
President Donald Trump ’s ‘big beautiful bill’ delivers a temporary higher limit on the federal deduction for state and local ...
Trump's ‘big beautiful' bill locks in key tax breaks for homeowners—here's what to know
President Donald Trump's tax and spending bill revives and expands homeowner tax breaks — while making the current mortgage ...