News

The 'Great Beautiful Law' temporarily raises the SALT deduction cap to $40,000 starting in 2025, offering relief to many taxpayers. However, a phaseout mechanism could lead to higher effective tax ...
The new GOP tax law quadruples how much people can deduct in state and local taxes off their federal returns, offering significant relief to high earners in many Democratic-led states by partially ...
The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually ...
Final tax reform bill preserves SALT and PTET deductions for traders and professionals, avoiding SSTB carve-outs and ensuring ...
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 ...
Wealth Enhancement reports on Trump's "One Big, Beautiful Bill," which makes 2017 tax cuts permanent and includes key changes ...
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.
Lawmakers are close to a deal that would raise the SALT cap to $40,000—offering potential tax relief for homeowners in ...
The One Big Beautiful Bill (OBBB) cements many individual tax provisions from the 2017 Tax Cuts and Jobs Act (TCJA) including ...
Senate Republicans passed changes to the federal deduction for state and local taxes, known as SALT. Here's how the SALT ...
The House and Senate passed the massive spending and tax bill that includes signature policies of President Trump's ...
The changes won’t happen all at once. Here’s when Americans can expect key provisions of the GOP tax and spending bill to go ...