The IRS has announced the new federal income tax brackets for 2026. The update brings small but important changes. A 2% inflation adjustment will shift income thresholds slightly. The familiar ...

Recently, policymakers have revisited the SALT deduction and raised the limitation from $10,000 to $40,000 under the One Big ...

A $650 million state revenue shortfall is expected in Massachusetts due to changes in the federal tax code, according to a ...

Tax expert Bob Keebler breaks down several changes to the tax code — from the SALT cap to Roth conversion strategies — that ...

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 ...

Trump’s One, Big Beautiful Bill Act (OBBBA) revamps the U.S. tax code with major deductions. Read about the SALT cap hike, ...

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

Starting in 2026, higher earners will face additional limits on itemized deductions—making proactive planning before the end ...

A substantial and surprising surge in the marginal tax rate for select high-income earners due to the phaseout of the state and local tax (SALT) deduction is now being referred to by wealth managers ...

While Giving Season hasn't officially arrived yet, it's a sure bet that financial advisors across the country are touching base with philanthropic clients to start talking about strategies for ...

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, ...

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 ...