Many New York, New Jersey and California residents are enjoying supercharged tax savings this year from a provision in ...

President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could affect your tax return this season.

An increase in the deduction limit sounds like great news for high earners — but a big tax penalty could be headed your way.

Many taxpayers will itemize deductions again on their 2025 federal tax return due to changes affecting the SALT deduction (State and Local Tax deduction). In this clip, we explain why ...

President Trump’s new tax law means a fourfold increase to a tax perk that could benefit entrepreneurs operating in high-tax states. The tax law Republican lawmakers managed to pass last week raises ...

In politics, some fights just won’t go away. Such is the current fight in the Congress to retain the federal deduction for state and local taxes now known as SALT. It has been 40 years since President ...

During the negotiations over President Donald Trump's signature tax and spending bill this year, one of the most contentious issues was the state and local tax deduction, or SALT. By letting people ...

For millions of homeowners in high-tax states, property taxes haven’t just been painful—they’ve been punishing. As home values soared over the past decade, property tax bills rose right along with ...

awmakers are nearing a deal to raise the federal cap on state and local tax (SALT) deductions from $10,000 to $40,000 The SALT cap has become a sore spot for lawmakers in those states, where rapid ...