News

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, ...
The deduction is rising to at least $40,000, from its current $10,000 limit. That amount will increase each year through 2029 ...
The Republican party is heralding its new tax legislation as a win for middle income Americans. But the most substantial tax ...
Range reports that Trump’s “Big Beautiful Bill” offers significant tax changes for high earners, including increased estate ...
The recent tax legislation under President Trump has brought significant changes to the SALT deduction, offering potential ...
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 ...
Wealth Enhancement reports on Trump’s “One Big, Beautiful Bill,” which makes 2017 tax cuts permanent and includes key changes ...
The Senate can choose.” If lawmakers pass no legislation extending a cap on SALT, the cap is set to automatically expire at the end of the year, making the SALT deduction unlimited.
Democrats and Republicans agree that any big bill will include something they hate, including the ones on which they vote ...
The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from ...
Trump’s “big beautiful bill” includes a temporary $40,000 SALT deduction cap. But the phaseout could trigger a tax surprise ...