The new SALT deduction was supposed to give homeowners in high-tax states a break. By quadrupling the amount of state and local taxes they could deduct from their federal return, these homeowners ...

The SALT deduction temporarily jumped to $40K under Trump’s tax reform, and the $750K mortgage interest cap is now permanent, ...

1. Voluntary Disclosure Agreements: A Thoughtful Approach to Compliance ...

According to the Tax Policy Center, the average household is expected to save approximately $2,900 under the new law in 2026.

A federal appeals court in Manhattan on Thursday appeared skeptical of arguments by four Democratic-leaning U.S. states to overturn Republican President Donald Trump's decision to cap federal ...

Many lawmakers who were vocal supporters of this bill will see direct personal benefits while most of their constituents ...

The One Big Beautiful Bill Act made permanent the individual tax cuts from President Trump’s first term and augmented them with additional tax cuts. The average taxpayer in every part of the country ...

President Trump's controversial tax plan, commonly known as the One Big Beautiful Bill (OBBBA), contains a series of significant tax cuts for individuals. While the average savings per individual in ...

Homeowners in some of the most expensive housing markets in the country could reduce their annual tax bills by thousands of dollars thanks to a higher SALT cap, which is set to increase by 1 percent ...

In New Jersey, for instance, more than 40% of homeowners paid more in property taxes than the previous $10,000 cap allowed. Under the new $40,000 limit, only 1.6% are expected to exceed the threshold.