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 ...

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

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 ...

A new $40K SALT cap could deliver long-awaited tax relief to homeowners in high-cost states like NJ, NY, and CA by cutting ...

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

Congress passed a giant tax bill that includes the Senate's SALT changes that allow rich Americans in high-tax states to save ...

A key provision included in the law will raise the cap on the State and Local Tax (SALT) deduction to $40,000.

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.

A popular tax break used in high-tax states like New Jersey would be capped under a deal reached over the weekend by Republicans in Washington D.C.

The endlessly debated cap on deductions for state and local taxes (SALT) has emerged in the GOP megabill largely ...

Californians will be able to deduct more of their state and local taxes on their federal income tax returns thanks to the Big ...

It was a key sticking point among Republicans in the House when the spending bill was under discussion this spring.