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The new $40,000 cap on SALT deductions in Trump’s big bill aids homeowners most in these cities
The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from ...
Why Small Businesses Should Care About the SALT Tax
The latest SALT deduction change could mean thousands in tax savings for small businesses. But it’s won’t be a permanent ...
SALT deduction cap boosted to $40,000 — here’s who stands to get the biggest tax break
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 ...
Who will — and won’t — benefit from the bigger SALT deduction
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.
Trump's 'big beautiful bill' could deliver 45.5% 'SALT torpedo' for high earners, tax pro says
President Donald Trump ’s ‘big beautiful bill’ delivers a temporary higher limit on the federal deduction for state and local ...
Trump tax and spending bill passes with Senate's generous SALT changes. Why this matters.
Congress passed a giant tax bill that includes the Senate's SALT changes that allow rich Americans in high-tax states to save ...
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The SALT deduction of Trump's tax reform: It could affect some with a high tax rate
The 'Great Beautiful Law' temporarily raises the SALT deduction cap to $40,000 starting in 2025, offering relief to many taxpayers. However, a phaseout mechanism could lead to higher effective tax ...
New SALT Cap Could Slash Property Tax Pain for Homeowners in These High-Tax States
A new $40K SALT cap could deliver long-awaited tax relief to homeowners in high-cost states like NJ, NY, and CA by cutting ...
The SALT deduction is now much more generous. Here’s how to get the most out of the tax break.
A deduction to defray homeowners’ state income taxes and local property taxes is getting much more generous, following fierce ...
Tax cuts take effect before spending cuts in 'One Big Beautiful Bill'
The bill permanently extends the major provisions of 2017’s Tax Cuts and Jobs Act, including lower tax rates, larger standard ...
Final Tax Reform Bill Preserves SALT And PTET Deductions For Traders And Professionals
Final tax reform bill preserves SALT and PTET deductions for traders and professionals, avoiding SSTB carve-outs and ensuring ...
Trump’s temporary tax breaks: 5 ‘big beautiful bill’ provisions that may not stick around for long
Workers who pick up extra shifts may now qualify for temporary relief on their overtime pay. From 2025 through 2028, single ...