News

Trump's ‘big beautiful bill' could deliver 45.5% ‘SALT torpedo' for high earners, tax pro says
Trump’s “big beautiful bill” includes a temporary $40,000 SALT deduction cap. But the phaseout could trigger a tax surprise ...
Trump’s tax law includes a $40,000 SALT cap. Here’s who qualifies.
The new GOP tax law quadruples how much people can deduct in state and local taxes off their federal returns, offering ...
Trump's SALT tax changes: What to know | Morning in America
President Donald Trump's "big, beautiful bill" — now law — increased the cap on the State and Local Taxes deduction, a ...
The SALT deduction is now much more generous. Here’s how to get the most out of the tax break.
A deduction to defray homeowners’ state income taxes and local property taxes is getting much more generous, following fierce ...
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.
Trump tax and spending bill passes with Senate's generous SALT changes. Why this matters.
Congress passed a giant tax bill that includes the Senate's SALT changes that allow rich Americans in high-tax states to save ...
Trump’s temporary tax breaks: 5 ‘big beautiful bill’ provisions that may not stick around for long
Workers who pick up extra shifts may now qualify for temporary relief on their overtime pay. From 2025 through 2028, single ...
New SALT Cap Could Slash Property Tax Pain for Homeowners in These High-Tax States
A new $40K SALT cap could deliver long-awaited tax relief to homeowners in high-cost states like NJ, NY, and CA by cutting ...
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 ...
The new $40,000 cap on SALT deductions in Trump’s big bill aids homeowners most in these cities
The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from ...
Senate Republican tax bill passes 'SALT' deduction cap of $40,000. Here's who would benefit.
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
Final tax reform bill preserves SALT and PTET deductions for traders and professionals, avoiding SSTB carve-outs and ensuring ...