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 ...

An increase in the deduction limit sounds like great news for high earners — but take cover, because a high-speed tax penalty is headed your way.

Now that the 2025 federal tax bill has been signed into law, it’s appropriate to revisit one of its most news-making elements: the federal deduction for state and local taxes (SALT). The new SALT ...

The impact of the Republicans' tax and spending law could result in the "largest refund season of the last decade," a Wall ...

House members from New York, New Jersey and California head to Mar-a-Lago in hopes Trump will raise key tax deduction.

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

As long time realtors, we strongly support the inclusion of the State and Local Tax (SALT) deduction recently passed by Congress and signed into law. Congresswoman Malliotakis fought hard to get it ...

The state and local tax deduction has always been a political flashpoint, but its impact goes far beyond politics. With Congress having expanded the SALT deduction in the new tax law, businesses need ...

Tax professionals supporting mergers and acquisitions (M&As) often focus first on federal income tax treatment. Yet, increasingly, state and local tax (SALT) issues are a primary driver of deal risk ...

Your federal income tax refund could jump by roughly $1,000 in 2026, thanks to a new slate of tax breaks that take effect for ...