Advisers can help clients take advantage of the higher deduction limit for state and local taxes while managing its income ...

Robert Goulder and Joseph Thorndike of Tax Notes trace the origins of the state and local tax deduction from its early role ...

The 2026 tax overhaul significantly benefits homeowners and parents. The SALT deduction cap rises to $40,000 and the Child ...

The SALT deduction cap rose from $10,000 to $40,000 starting in 2025 under the One Big Beautiful Bill Act (OBBBA). According to tax pros who spoke to GOBankingRates, this allows larger itemized ...

Raising the deduction limit to $40,000 has eased the burden in higher-tax states such as New York.

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 ...

House lawmakers are using former President Donald Trump's own words as leverage to pressure their colleagues into preserving the original state and local tax deduction, with a fight set to take shape ...

Even in the wake of the explanation and changes implemented under the One Big Beautiful Bill (OBBB), the SALT cap on the deduction for state and local taxes remains highly controversial. High-tax ...

States are bracing for one of the most disruptive tax years in recent memory as the One Big Beautiful Bill forces them to rethink how their tax codes line up with federal law, especially the ...

The state and local tax deduction is a federal income tax provision that allows taxpayers who itemize deductions to subtract certain state and local taxes — chiefly income, property and sales taxes — ...

Bay Area homeowners dealing with lingering storm damage or high property tax bills have some federal relief available.