Young and the Invested on MSN

The SALT deduction cap has increased: Here’s how it may affect your taxes

The "One Big Beautiful Bill" (OBBB) that President Trump signed into law on July 4 made significant changes to the deduction ...

Secrets To Boosting Tax Refunds Under SALT Cap

President Donald Trump's "big, beautiful bill" raised the SALT cap to $40,000 from $10,000 starting with tax year 2025, ...

How to Squeeze the Most From the New SALT Cap

Taxpayers can act now to make the most of an increase in state and local tax deductions when they file 2025 taxes in the ...
HousingWire

New York and DC homeowners set for biggest savings from SALT cap hike

A Redfin report reveals that New York homeowners will save an average of $7,092 annually due to the expanded federal cap on state and local tax (SALT) deductions, raised from $10,000 to $40,000. The ...
Crain's New York

Wealthier NYC households gain $1B from lifted SALT cap, study finds

New York City taxpayers will save billions of dollars from the tax provisions in President Donald Trump’s signature domestic policy law, but the benefits will be skewed toward wealthier residents, ...
Financial Planning

Do SALT workarounds benefit micro-business owners?

The 2017 Tax Cuts and Jobs Act fundamentally reshaped the federal tax landscape. One of its most controversial provisions was the imposition of a $10,000 cap on the deductibility of state and local ...