Revisions to rules for deducting state and local taxes and charitable donations will affect millions of affluent Americans.

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

Year-end planning can significantly boost the benefits of new tax changes, helping taxpayers reduce liabilities and maximize deductions.

Starting in 2025, the cap for deducting these taxes has been raised from $10,000 to $40,000. The caps are expected to be ...

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 ...

During the negotiations over President Donald Trump's signature tax and spending bill this year, one of the most contentious issues was the state and local tax deduction, or SALT. By letting people ...

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 ...

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 ...

Below, we highlight the most relevant updates for private wealth clients, incorporating additional insights and planning considerations from recent estate and tax law developments. Top Marginal Tax ...

Connecticut has long ranked among the states with the highest property tax burdens. Now, the newly passed increase in the federal SALT deduction cap—from $10,000 to $40,000—is poised to deliver ...

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