News

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 ...
Who will — and won’t — benefit from the bigger SALT deduction
For the next five years, there will be a much more generous state and local tax deduction available to federal income tax filers, thanks to the recently enacted mega tax-and-spending-cuts law.
Why Small Businesses Should Care About the SALT Tax
The latest SALT deduction change could mean thousands in tax savings for small businesses. But it’s won't be a permanent staple.
MiBolsilloColombia on MSN8d
New tax bill lifts SALT cap to $40,000; Here's who gains
The proposed ‘One Big Beautiful Bill Act’ would raise the SALT deduction cap to $40,000, benefiting wealthier taxpayers in ...
Journal of Accountancy4d
Tax provisions in the One Big Beautiful Bill Act
The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and ...
Lawmakers Land SALT Cap Deal That Will Offer Major Relief to Homeowners in High-Tax States
Lawmakers are close to a deal that would raise the SALT cap to $40,000—offering potential tax relief for homeowners in ...
When does the big beautiful bill, no tax on overtime start? Here's what to know
President Donald Trump’s "One Big Beautiful Bill Act" is now law. So when does it take effect? Here's a look at when its ...
The Indianapolis Star11d
Trump tax cuts needed to be extended – but not like this - IndyStar
If not extended, the expiration of the 2017 Tax Cuts and Jobs Act would have been devastating to Americans. If allowed to expire, 62% of Americans would see a tax increase , according to the ...
USA Today11d
Trump tax cuts needed to be extended – but not like this | Opinion
If not extended, the expiration of the 2017 Tax Cuts and Jobs Act would have been devastating to Americans. If allowed to expire, 62% of Americans would see a tax increase , according to the ...