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

The OBBBA is long an complicated, here are 7 strategies for high-income California business owner to minimize their tax this ...

The 'One Big Beautiful Bill Act' (OBBB), signed by President Trump on July 4, 2025, introduces significant tax changes, including a temporary increase in the SALT deduction limit. However, this change ...

Understanding the intricacies of the State and Local Taxes (SALT) deduction is crucial for optimizing your tax strategy. With ...

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

Federal tax cuts, made permanent by the "One Big Beautiful Bill," promise more money for taxpayers with increased deductions and adjusted tax brackets.

For the next five years, there will be a much more generous state and local tax deduction available to federal income tax filers, thanks to the recently enacted mega tax-and-spending-cuts law.

After Congressional Republicans passed the One Big Beautiful Bill last month, members have returned to their home districts, ...

"The SALT deduction cap has strong advocates and detractors that cross party lines," said Garrett Watson, a senior policy analyst at the nonpartisan Tax Foundation, based in Washington, D.C.

Supreme Court SCOTUS swats away SALT cap challenge that limits tax deductions in New York, Maryland Four states had challenged the 2017 limit on deductions of state and local taxes ...

That's largely because the Tax Cuts and Jobs Act, which took effect in the 2018 tax year, capped state and local tax deductions, known as SALT, at $10,000, hitting those with high incomes and high ...