News

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 ...
Trump’s ‘Big Beautiful Bill’: The complete tax guide for high-income earners
Range reports that Trump’s “Big Beautiful Bill” offers significant tax changes for high earners, including increased estate ...
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 ...
SALT deduction cap boosted to $40,000 — here’s who stands to get the biggest tax break
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 ...
High income taxpayers in California and New York set for a SALT windfall in 2026
The Republican party is heralding its new tax legislation as a win for middle income Americans. But the most substantial tax ...
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 significant relief to high earners in many Democratic-led states by partially ...
Trump's 'big beautiful bill' could deliver 45.5% 'SALT torpedo' for high earners, tax pro says
President Donald Trump’s ‘big beautiful bill’ delivers a temporary higher limit on the federal deduction for state and local ...
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 ...
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 ...
Who will — and won’t — benefit from the bigger SALT deduction
The new law lifts what had been a $10,000 cap to $40,000 for tax year 2025 and then adjusts it upward by 1% a year for 2026, ...
What are the Big, Beautiful Bill’s tax benefits for seniors, newborns, others?
Given how wide-ranging the legislation is, it may take a while for everyday tax filers — including seniors with significant ...
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.