The One Big Beautiful Bill Act's increase of the state and local tax (SALT) deduction cap creates an opportunity to use ...

One might expect that an increased State and Local Tax (SALT) deduction cap in the new tax bill would be front and center for ...

The federal state and local sales tax (SALT) deduction cap is higher this year, and could translate into bigger savings for ...

The massive new tax law temporarily boosts the maximum amount you can claim under the state and local taxes (SALT) deduction to $40,000, from $10,000, starting in 2025. (For those who are married ...

Considering the most negatively impacted states by President Donald Trump's "Big Beautiful Bill" are those with high-poverty ...

Under current law, individuals and couples can deduct $10,000 in state and local taxes if they itemize on their tax returns. Johnson said that the higher cap is crucial for the House to be able to ...

The $10,000 cap on SALT deductions was levied in 2017 as part of the Tax Cuts and Jobs Act spearheaded by the first Trump administration. The cap is set to expire at the end of the year.

The current $10,000 cap on SALT deductions was implemented as a revenue-raising measure in the 2017 tax overhaul passed by Republicans and signed by President Donald Trump.

Texas homeowners—especially in fast-growing cities like Austin—are set to benefit from the SALT deduction cap rising to ...

Hawaii homeowners—especially in high-cost areas like Honolulu and Maui—are poised for tax relief as the SALT deduction cap jumps to $40,000. The share of over-cap taxpayers drops from 7.7% to ...

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 ...

The new tax law hiked the SALT deduction cap to $40,000. That’s good news for taxpayers in high tax states, but it’s a temporary boost.