The measure is often referred to as the SALT income tax deduction. (SALT stands for “state and local taxes.”) It allows ...

SALT, which can be claimed by taxpayers who itemize their deductions, is why the very rich get less of a break in California ...

A higher cap on the deduction for state and local taxes is one element of Trump’s Big Beautiful Bill that Gov. JB Pritzker ...

Trump’s 2025 tax overhaul expands deductions and investor breaks. Here’s how to lock in savings before the year ends.

Thanks to the One Big Beautiful Bill ACT (OBBBA), some taxpayers can now take greater advantage of the state and local tax ...

Progressives reflexively denounce tax cuts and spending cuts as “giveaways to the wealthy” or “stealing from the poor.” So, ...

NewHomeSource reports on the 'Big Beautiful Bill,' impacting homebuyers with mortgage tax deductions, SALT cap increases, and ...

The 2017 tax cuts that lowered the SALT deduction to $10,000 also doubled the standard deduction. Around 10% of taxpayers itemize now, and they are usually relatively wealthy.

Rep. Mike Lawler came to Yorktown Friday, August 1, to take a victory lap on his advocacy for a raise in the cap on the ...

The higher cap in the Big Beautiful Bill looks like good news, Ross Atefi, founder of Yatra Wealth Design, warns that for ...

The "One Big, Beautiful Bill" increases two significant tax deductions, but cuts clean energy tax credits for the 2025 tax ...

Outdated tax rules on home sales, gifts, and property are costing homeowners big. Here's how new proposals aim to fix the ...