House Republicans are calling for a higher limit on the deduction for state and local taxes, known as SALT, as part of President Donald Trump's tax and spending package. The House Ways and Means ...
For those trying to anticipate what's different, here are tax changes that could affect you this year and might even retroactively affect your 2025 taxes.
As debates ramp up for President Donald Trump's policy agenda, changes to a key tax provision could benefit higher earners, experts say. Stream Connecticut News for free, 24/7, wherever you are.
A version of this article originally appeared on eidebailly.com. On July 4, 2024, President Trump signed into law major tax legislation that will materially affect both individuals and businesses.
The recent tax cuts enacted by Congress under the Trump administration, known as the "One Big Beautiful Bill Act," have reshaped the landscape of tax filings for many Americans. One of the most ...
A substantial and surprising surge in the marginal tax rate for select high-income earners due to the phaseout of the state and local tax (SALT) deduction is now being referred to by wealth managers ...