House Republicans are considering raising the SALT deduction cap to $30,000 as part of Trump's tax package. Speaker Mike ...

Outdated tax rules on home sales, gifts, and property are costing homeowners big.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

High earners, especially those who own expensive homes and pay hefty property taxes, can easily end up paying more than $10,000 in state and local taxes in some parts of the country. According to ...

A new $40K SALT cap could deliver long-awaited tax relief to homeowners in high-cost states like NJ, NY, and CA by cutting their tax burden.

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

While increasing the cap is a boon for entrepreneurs operating in high-tax states, it’s not permanent. The increase is in effect until the end of 2029, and then the cap reverts back to $10,000 ...

Filers living in high-tax areas: Filers from high-tax states — such as California, New York and Illinois — or high-tax cities are likely to benefit most from the SALT cap increase, assuming ...

Now that the 2025 federal tax bill has been signed into law, it’s appropriate to revisit one of its most news-making elements: the federal deduction for state and local taxes (SALT).

Filers living in high-tax areas: Filers from high-tax states — such as California, New York and Illinois — or high-tax cities are likely to benefit most from the SALT cap increase, assuming ...

The SALT deduction bump could take a bite out of NJ tax bills New Jersey ranks first among all states in the share of homeowners who currently pay more than $10,000 in annual property taxes—40% ...

President Donald Trump’s newly passed “One Big Beautiful Bill” includes a major win for homeowners in high-tax states: a sharp increase in the State and Local Tax (SALT) deduction cap. The ...

High earners who live in high-tax states are likely to get the biggest breaks. The reason? The new law bumps the cap on state and local tax deductions from $10,000 to $40,000.