The new $40,000 SALT cap in 2025 could boost refunds for some taxpayers, making the choice between standard and itemized ...

Lawmakers are again debating the cap on state and local tax deductions, a flashpoint since it took effect in 2018 and altered ...

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 ...

Fifth Third reports the OBBBA enhances income tax planning with a higher SALT cap and renewed interest in non-grantor trusts ...

Former President Donald Trump on Tuesday vowed that he would "get SALT back" if reelected, apparently suggesting that he would eliminate the cap on state and local tax deductions that he signed into ...

Democrats will soon have the balance of power required to repeal President Donald Trump’s limitation on a prized tax deduction, but doing so will likely require a tricky procedural process and a ...

President Donald Trump's "big beautiful bill" boosted the SALT deduction limit to $40,000 for 2025, up from the previous $10,000 cap. The SALT deduction includes property taxes plus either state and ...