News

Self Employed on MSN8h
House GOP Proposes Making Trump-Era Tax Cuts Permanent
The Tax Cuts and Jobs Act, signed into law by former President Donald Trump in December 2017, represented the most ...
New Jersey Globe6d
Now that the Big Beautiful Bill is law, here’s what it might mean for New Jersey
Last week, when President Donald Trump signed the One Big Beautiful Bill (OBBB) into law, he said it would help to bring ...
Donald Trump's approval rating erodes with Black voters
The president's standing with Black voters has eroded over the past three months, according to new YouGov/Economist polling.
New SALT Cap Deduction: Unlock Massive Tax Savings with Non-Grantor Trusts
The One Big Beautiful Bill Act's increase of the state and local tax (SALT) deduction cap creates an opportunity to use multiple non-grantor trusts to maximize deductions and enhance estate planning.
Institute on Taxation and Economic Policy10hOpinion
States Should Move Quickly to Chart Their Own Course on SALT Deductions
While a federal SALT cap is hotly debated, capping deductibility at $10,000 was an unambiguously good idea at the state level ...
Trump's 'big beautiful bill' could deliver 45.5% 'SALT torpedo' for high earners, tax pro says
President Donald Trump ’s ‘big beautiful bill’ delivers a temporary higher limit on the federal deduction for state and local ...
Who will — and won’t — benefit from the bigger SALT deduction
The new law lifts what had been a $10,000 cap to $40,000 for tax year 2025 and then adjusts it upward by 1% a year for 2026, ...