New York homeowners are set to gain from a major SALT deduction overhaul, with the cap rising from $10,000 to $40,000. The ...

Illinois homeowners—long burdened by some of the nation’s steepest property taxes—will see relief as the SALT deduction cap ...

The SALT deduction is limited to those making less than $500,000 per year, which includes roughly 98% of taxpayers. According ...

The federal state and local sales tax (SALT) deduction cap is higher this year, and could translate into bigger savings for ...

Higher federal income tax offsets for state and local tax payments have morphed into a mostly upper-middle-class political ...

What the deduction does is all in the name. It allows taxpayers to deduct what they owe in state and local taxes from their federal income taxes. The OBBBA raises the cap on how much taxpayers can ...

The SALT deduction allows taxpayers who itemize their federal returns to deduct certain taxes paid to state and local ...

A new provision in the House tax plan would significantly increase the State and Local Tax (SALT) deduction cap from the ...

President Trump's policy agenda is now the law of the land. It’s time to put aside the political debate and start to look at ...

A gambling losses tax deduction cap in Trump’s “big beautiful bill” is causing an uproar. Here’s what you need to know.

As part of President Donald Trump’s “big, beautiful bill,” the federal cap on state and local taxes (SALT) has been raised ...

Several provisions of Trump's bill are poised to be retroactive to 2025 or take effect in 2026, and they may shift how ...