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 ...

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

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 2017 Tax Cuts and Jobs Act (TCJA) is set to expire, potentially increasing Florida taxpayers' federal taxes significantly.

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 ...

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

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 ...

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.

Homeowners in New Jersey, New York, Connecticut, and California are poised to gain the most from the new SALT deduction in President Trump's tax law.

Less than eight years ago, Congress enacted the sweeping Tax Cuts and Jobs Act. Now a cadre of House Republicans has threatened to let key TCJA provisions expire unless Congress agrees to ...