The Republican tax reform, often referred to as the 'grand and beautiful bill' by President Trump, introduces several provisions aimed at reshaping the tax landscape for American citizens. Among these ...
When President Donald Trump announced the 'One Big Beautiful Bill' (OBBBA), many taxpayers were intrigued by the proposed increase in the state and local tax (SALT) deduction cap to $40,000. However, ...
Trump’s One, Big Beautiful Bill Act (OBBBA) revamps the U.S. tax code with major deductions. Read about the SALT cap hike, ...
The recently passed One Big Beautiful Bill Act (OBBBA) gave Americans a huge tax cut that critics say primarily benefits the wealthy. But the law contains a rare reversal from President Donald Trump ...
Recently, policymakers have revisited the SALT deduction and raised the limitation from $10,000 to $40,000 under the One Big ...
New Hampshire may not collect income tax, but its property tax burden is among the highest in the country. With the federal SALT deduction cap now raised from $10,000 to $40,000, even this ...
Among the changes in the One Big Beautiful Bill Act is an adjustment to the state and local tax deduction cap. The bill temporarily increases the SALT deduction cap, allowing taxpayers to deduct a ...
Florida’s lack of a state income tax has long made it a haven for taxpayers, but that doesn’t mean residents have been immune to the impact of the federal SALT deduction cap. With property values—and ...
A $650 million state revenue shortfall is expected in Massachusetts due to changes in the federal tax code, according to a Department of Revenue.
Molly Grace is a staff money writer at Buy Side covering banking, home equity, investing, mortgages, retirement savings, taxes and budgeting. Staff Personal Finance Editor, Buy Side Valerie Morris is ...
With hundreds of provisions, the recently enacted One Big Beautiful Bill Act (OBBBA) is certainly big. That being said, OBBBA is not SECURE 3.0. Unlike the original SECURE Act and SECURE 2.0, OBBBA ...