Discover how the Big Beautiful Bill is reshaping corporate tax strategy, compliance, and planning in today's evolving ...

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

A gambling losses tax deduction cap in Trump’s “big beautiful bill” is causing an uproar. Here’s what you need to know.

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

A big part of North Dakota's property tax problem has been incentive programs that narrow the tax base while expanding the ...

House Republicans are considering raising the SALT deduction cap to $30,000 as part of Trump's tax package. Speaker Mike Johnson acknowledges ongoing discussions while representatives from high-tax ...

On July 4, 2025, the federal government enacted H.R. 1, “An Act to provide for reconciliation” which is popularly known as ...

Range reports that Trump's "Big Beautiful Bill" offers significant tax changes for high earners, including increased estate ...

Barring Congressional Action, tax rates are set to revert to pre-Tax Cuts and Jobs Act levels at the end of 2025.” I scribbled out that same general line on numerous occasions since the TCJA was ...

That 2017 law, the Tax Cuts and Jobs Act, limited the deduction to $10,000 a year, imposing a cap for the first time as a way of reducing the bill’s overall cost.

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.

The new law lifts what had been a $10,000 cap to $40,000 for tax year 2025 and then adjusts it upward by 1% a year for 2026, 2027, 2028 and 2029. The SALT deduction, as it is known, enables federal ...