Heather Mallette is a certified public accountant and tax manager for Teal, Becker & Chiaramonte, CPAs, P.C., a local accounting firm. Mallette says local federal tax filers can benefit under new tax ...

President Trump shifted his stance on the state and local tax (SALT) deduction cap, a policy he implemented during his first term in office. Despite signing the $10,000 SALT cap into law in 2017 as ...

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 ...

The SALT deduction cap should be $0. People should not be able to deduct their state and local tax burdens from their federal ...

Senate Republicans passed changes to the federal deduction for state and local taxes, known as SALT, on Tuesday, a crucial part of President Donald Trump’s "big, beautiful bill." In the Senate’s ...

For millions of homeowners in high-tax states, property taxes haven’t just been painful—they’ve been punishing. As home values soared over the past decade, property tax bills rose right along with ...

The Republican-controlled U.S. House passed President Trump's tax and spending bill by a razor-thin margin of 215-214 votes, adding $3.8 trillion to the national debt. The bill is now headed for the ...

Among the changes in the One Big Beautiful Bill Act is an adjustment to the state and local tax deduction cap. The bill temporarily increases the SALT deduction cap, allowing taxpayers to deduct a ...

There’s currently a $10,000 limit on the federal deduction on state and local taxes, known as SALT. As part of President Donald Trump's tax package, House Republicans on Thursday passed a SALT limit ...

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 ...