The measure is often referred to as the SALT income tax deduction. (SALT stands for “state and local taxes.”) It allows ...

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 ...

Here's what Trump's new tax law really means for the upper-middle class, according to tax and finance experts.

The One Big Beautiful Bill Act, recently signed into law by President Donald Trump, contains some measures that could help ...

The SALT deduction is limited to those making less than $500,000 per year, which includes roughly 98% of taxpayers. According ...

A deduction to defray homeowners’ state income taxes and local property taxes is getting much more generous, following fierce debate among lawmakers in Washington. The focus on the write-off is ...

President Donald Trump’s “big beautiful bill” raises the SALT deduction cap to $40,000. Here’s who will benefit.

The One Big Beautiful Bill Act reinstated a provision that significantly enhances the state and local tax (SALT) deduction cap for tax years 2025 through 2029, raising it from $10,000 (set by the ...

The SALT deduction allows filers who itemize to subtract some of their state and local taxes from their taxable income. The $10,000 cap on SALT was put in place in 2017 as part of the sweeping ...