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 ...

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

While this deduction primarily impacts homeowners and high-income taxpayers in states with higher taxes, changes to the SALT cap can also have ripple effects on inheritance planning. If you’re set to ...

President Donald Trump's One Big Beautiful Bill Act (OBBBA) is his administration's signature legislation during his second ...