The new GOP tax law quadruples how much people can deduct in state and local taxes off their federal returns, offering ...

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

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 ...

Final tax reform bill preserves SALT and PTET deductions for traders and professionals, avoiding SSTB carve-outs and ensuring ...

Getting your Trinity Audio player ready... On July 4, the “One Big Beautiful Bill” was signed into law making it the “One Big Beautiful Act” and enacting sweeping changes to the Internal Revenue Code.

The latest SALT deduction change could mean thousands in tax savings for small businesses. But it’s won't be a permanent staple.

Homeowners in New Jersey, New York, Connecticut, and California are poised to gain the most from the new SALT deduction in ...

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 ...

Before the Tax Cuts and Jobs Act, the SALT deduction was unlimited for taxpayers who itemized deductions. But the so-called alternative minimum tax reduced the benefit for some higher earners.

President Donald Trump has signed into law the One, Big Beautiful Act (OBBA), and for taxpayers in high-tax states like ...