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The measure is often referred to as the SALT income tax deduction. (SALT stands for “state and local taxes.”) It allows ...
On July 4, 2025, President Donald Trump signed the reconciliation bill, known as the “Big Beautiful Bill” (“BBB”), which ...
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 ...
A higher cap on the deduction for state and local taxes is one element of Trump’s Big Beautiful Bill that Gov. JB Pritzker ...
Recent changes to the SALT deduction mean itemizing may be your best option. Learn how to make the most of your tax benefits.
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 ...
A new law raising the SALT deduction cap from $10,000 to $40,000 is poised to ease the tax burden on thousands of New Jersey ...
New York homeowners are set to gain from a major SALT deduction overhaul, with the cap rising from $10,000 to $40,000. The ...
The One Big Beautiful Bill Act's increase of the state and local tax (SALT) deduction cap creates an opportunity to use ...
The SALT deduction is limited to those making less than $500,000 per year, which includes roughly 98% of taxpayers. According ...
Hawaii homeowners—especially in high-cost areas like Honolulu and Maui—are poised for tax relief as the SALT deduction cap ...