The proposed ‘One Big Beautiful Bill Act’ would raise the SALT deduction cap to $40,000, benefiting wealthier taxpayers in high-tax states. Critics warn it could widen inequality and reduce ...

Roughly 400,000 Utah retirees are expected to gain from a new federal tax deduction that eliminates Social Security income ...

From “no tax on tips” to the $6,000 “senior bonus,” state lawmakers are integrating components of the One Big Beautiful Bill ...

Wondering how much Trump's tax cuts are going to save you? Here's what average New Jersey taxpayers can expect to save by ...

Progressives reflexively denounce tax cuts and spending cuts as “giveaways to the wealthy” or “stealing from the poor.” So, ...

Many have threatened to vote no to the entire tax bill over SALT alone. To Adam Michel, director of tax policy studies at Cato Institute, “this is a classic case of backroom dealmaking to win votes.

Thanks to the One Big Beautiful Bill ACT (OBBBA), some taxpayers can now take greater advantage of the state and local tax ...

THE FINE PRINT The SALT income tax deduction cap was increased to $40,000 in Trump’s bill. Should you take it? You can deduct your state and local taxes from your taxable federal income, but ...

The Big Beautiful Bill also brings about an increase in ... to professionals to help them with their tax planning and tax preparation rather than doing it themselves,” Preisner predicted. The SALT cap ...

SALT, which can be claimed by taxpayers who itemize their deductions, is why the very rich get less of a break in California ...

Those new tax benefits could go away as early as 2029. Here are five tax policies in the so-called “One Big Beautiful Bill” (OBBB) that might increase or decrease your bottom line come tax season.