The Second Circuit rejected arguments by several States who challenged updated regulations that would prohibit many of SALT ...

Understanding the intricacies of the State and Local Taxes (SALT) deduction is crucial for optimizing your tax strategy. With ...

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 ...

SALT, which can be claimed by taxpayers who itemize their deductions, is why the very rich get less of a break in California ...

The higher cap in the Big Beautiful Bill looks like good news, Ross Atefi, founder of Yatra Wealth Design, warns that for ...

Rep. Mike Lawler came to Yorktown Friday, August 1, to take a victory lap on his advocacy for a raise in the cap on the ...

On July 4, 2025, President Donald Trump signed the reconciliation bill, known as the “Big Beautiful Bill” (“BBB”), which covered many of his ...

The Tax Foundation found the SALT deduction was more valuable in places like California, New York, New Jersey, Maryland and Virginia. It's less valuable in North and South Dakota or Wyoming.

The "One Big, Beautiful Bill" increases two significant tax deductions, but cuts clean energy tax credits for the 2025 tax ...

"The SALT deduction cap has strong advocates and detractors that cross party lines," said Garrett Watson, a senior policy analyst at the nonpartisan Tax Foundation, based in Washington, D.C.

How the numbers look TPC estimates that 94 percent of the benefit of raising the SALT cap from $10,000 to $80,000 would go to the highest income 20 percent of tax filers, who make $175,000 or more.