The One Big Beautiful Bill Act temporarily raises the SALT deduction limit, offering potential tax savings of thousands of ...

The One Big Beautiful Bill Act (OBBBA) introduces a significant change for taxpayers in high-tax states by raising the SALT ...

The new tax bill also temporarily raises the cap on the state and local tax (SALT) deduction to $40,000, up from $10,000. The ...

The standard deduction and SALT cap are both higher and there are new perks for seniors, those who financed new cars and ...

While many households will see higher refunds this year, they may be far smaller than promised and offset by higher tariffs ...

The standard deduction for single taxpayers increased to $15,750 for tax year 2025. It also increased to $23,625 for the head ...

The Democrats' plan to increase the federal deduction for state and local taxes, known as SALT, may be in peril as Build Back Better stalls. Sen. Joe Manchin, D-W.Va., on Sunday said he won't vote for ...

This article was originally written and published here and submitted by John-Mark Young to Richland Source for publishing. It was July 4th, 2025. I happened to be down in Orlando, Florida, near one of ...

A sweeping federal law passed last year could have impacts on 2025 tax returns for millions of American taxpayers. The ‘big, ...

CAPITOL HILL — The cap on a deduction for state and local taxes must be permanently removed, members of the New York delegation to Congress told then-President-elect Donald Trump on the day before his ...