These changes may offer substantial income and estate tax planning opportunities, especially for taxpayers who reside in a ...

When you hear that the “One Big Beautiful Bill” (OBBBA) from President Donald Trump raises the state and local tax (SALT) deduction cap to $40,000, it might sound like a meaningful tax break. But once ...

Among the changes in the One Big Beautiful Bill Act is an adjustment to the state and local tax deduction cap. The bill temporarily increases the SALT deduction cap, allowing taxpayers to deduct a ...

Former President Donald Trump on Tuesday vowed that he would "get SALT back" if reelected, apparently suggesting that he would eliminate the cap on state and local tax deductions that he signed into ...

The controversial cap on state and local tax deductions is slated to sunset at the end of next year, and according to media reports, Senate Majority Leader Chuck Schumer, D-New York, has vowed to let ...

High-income residents of Democratic-leaning states are on track for substantial refunds early next year, aided by a temporary expansion of the state and local tax (SALT) deduction. President Donald ...

There's a higher SALT cap of $40,000 on property taxes, a higher child tax credit, new deductions for elderly residents, no ...

House Republicans are calling for a higher limit on the deduction for state and local taxes, known as SALT, as part of President Donald Trump's tax and spending package. The House Ways and Means ...

Enacted via the Tax Cuts and Jobs Act, or TCJA, of 2017, there's currently a $10,000 limit on the SALT deduction, and raising that cap has been a priority for certain House lawmakers in high-tax ...