The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from ...

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 ...

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

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

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, ...

Only those earning $500,000 or less could take advantage of the full $40,000 cap, under the bill the Senate passed.

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

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

SALT deduction: Key points. The SALT cap was originally introduced to offset tax cuts in the TCJA, signed into law by then-President Donald Trump in 2017. However, ...

Yes, the SALT deduction cap is a provision that's due to expire in 2025, as are many other parts of the Tax Cuts and Jobs Act, such as a reduction of the individual tax brackets.

The $10,000 cap on state and local tax deductions hit those with high incomes and high property ... "More people will find it worthwhile each year to take the standard deduction," he said. SALT cap.

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 temporary boost.