The SALT deduction also covers more than just your state income taxes. For instance, you can generally deduct state and local ...

New 2025 tax law locks in lower rates, boosts deductions, and reshapes SALT, senior, worker and business breaks. See what to do before year-end to cut your bill.

As Congress edges closer to key tax deadlines, a familiar fight is back on the agenda: whether to lift or extend the limit on ...

Former President Donald Trump on Tuesday vowed that he would "get SALT back" if reelected, apparently suggesting that he would eliminate the cap on state and local tax deductions that he signed into ...

The One Big Beautiful Bill Act (OBBBA) updates estate, gift and charitable rules, raises exemptions and adjusts SALT ...

High-income residents of Democratic-leaning states are on track for substantial refunds early next year, aided by a temporary expansion of the state and local tax (SALT) deduction. President Donald ...

Enacted via the Tax Cuts and Jobs Act, or TCJA, of 2017, there's currently a $10,000 limit on the SALT deduction, and raising that cap has been a priority for certain House lawmakers in high-tax ...

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 ...

New tax breaks on tips, overtime, and SALT deductions mean bigger 2026 refunds for some—but not all. Find out if you're in ...