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Outdated tax rules on home sales, gifts, and property are costing homeowners big.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 home equity tax.

The state and local tax (SALT) deduction lets taxpayers write off certain state and local taxes from their federal taxable income. Under the One Big Beautiful Bill Act, signed into law by President ...

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.

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.

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 ...

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 ...

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 ...

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% ...

The new $40,000 cap on SALT deductions in Trump’s big bill aids homeowners most in these cities Home prices could creep up in high-tax areas as more buyers seek to benefit from the SALT deduction ...

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 ...