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, ...

Senate Republicans passed changes to the federal deduction for state and local taxes, known as SALT. Here's how the SALT ...

The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually from 2026 through 2033.

The Republican party is heralding its new tax legislation as a win for middle income Americans. But the most substantial tax ...

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

Here's how wealthy retirees can plan for the changes in the new tax legislation, including what it means for tax rates, the ...

President Donald Trump’s “big beautiful bill” raises the SALT deduction cap to $40,000. Here’s who will benefit.

The Senate's version of the One Big Beautiful Bill takes the shine off some of Trump's most popular promises. Here's why.

A new $40K SALT cap could deliver long-awaited tax relief to homeowners in high-cost states like NJ, NY, and CA by cutting ...

The recent tax legislation under President Trump has brought significant changes to the SALT deduction, offering potential ...

Congress passed a giant tax bill that includes the Senate's SALT changes that allow rich Americans in high-tax states to save ...