President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could affect your tax return this season.

For millions of homeowners in high-tax states, property taxes haven’t just been painful—they’ve been punishing. As home values soared over the past decade, property tax bills rose right along with ...

The SALT deduction cap increase to $40,000 could deliver major tax relief and push more taxpayers to itemize, especially in ...

It looks like a tentative deal has been brokered on Capitol Hill to provide a new SALT cap, increasing the state and local tax deduction from $10,000 to $40,000. But whether that will be enough to ...

Many New York, New Jersey and California residents are enjoying supercharged tax savings this year from a provision in ...

As a homeowner, you know that your taxes can get complex. Now, with the One Big Beautiful Bill Act (OBBBA) signed into law, you may be wondering what changes you ...

Run the numbers: For 2025, the standard deduction is $31,500 for married couples and $15,750 for singles. If your total itemized deductions — including mortgage interest, charitable giving, and state ...

Wed, July 9, 2025 at 5:22 PM UTC The sweeping new tax law that President Donald Trump signed into law on July 4 includes a valuable, but temporary, boost to the state and local tax (SALT) deduction: ...

Republicans Wednesday were closing in a on deal to raise the cap on deducting state and local taxes, or SALT, to $40,000 a year, a key breakthrough that would boost passage of President Trump’s ...

As the Senate considers next steps for the House-passed “big, beautiful” tax bill, the battle lines have been drawn for a showdown over the state and local tax (SALT) deduction. The House package ...

High-income residents of Democratic-leaning states are on track for substantial refunds early next year, aided by a temporary expansion of the state and local tax (SALT) deduction. President Donald ...

In the ongoing national debate over the state and local tax or SALT deduction cap, a critical truth has been overlooked. The cap itself is not the problem — the problem is the punishing tax regimes in ...