Many New York, New Jersey and California residents are enjoying supercharged tax savings this year from a provision in President Donald Trump’s tax law that delivers more benefits to Democratic-led ...

President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could ...

Many taxpayers will itemize deductions again on their 2025 federal tax return due to changes affecting the SALT deduction (State and Local Tax deduction). In this clip, we explain why ...

The OBBBA temporarily boosts the state and local tax deduction cap, or SALT, from $10,000 to $40,000 (for married couples filing join ...

The IRS has announced the annual inflation adjustments for the year 2025, including tax rate schedules, tax tables and ...

The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how to choose the option that’s best for you.

The massive new tax law temporarily boosts the maximum amount you can claim under the state and local taxes (SALT) deduction to $40,000, from $10,000, starting in 2025. (For those who are married ...

Stream Connecticut News for free, 24/7, wherever you are. When you itemize tax breaks, you can claim the SALT deduction, which includes state and local income taxes and property taxes. Trump's 2017 ...

The new SALT deduction was supposed to give homeowners in high-tax states a break. By quadrupling the amount of state and local taxes they could deduct from their federal return, these homeowners ...

Many Baby Boomers miss valuable tax deductions each year. Learn eight often-forgotten breaks, including a new $6,000 senior ...

House lawmakers on Thursday morning passed changes for the federal deduction for state and local taxes, known as SALT, as part of President Donald Trump’s tax package. Enacted via the Tax Cuts and ...