This post covers five particularly notable provisions for states: increasing deductions for state and local taxes (SALT) paid ...

On May 22, 2025, the House passed the legislation entitled “The One Big Beautiful Bill” (the “BBB”). The BBB makes permanent, extends and, in ...

The economic impact of Trump’s tax package can be viewed as a short-term stimulus at the potential cost of long-term drag.

The Joint Committee on Taxation, Congress’s in-house tax scorekeeper, released the much-anticipated score for the tax portion of the reconciliation bill.

On May 22, 2025, the U.S. House of Representatives passed the “One Big Beautiful Bill Act” (the “BBB”) as part of the Republican ...

The One Big Beautiful Bill Act is currently written to eliminate $267 billion in federal funding from the Supplemental ...

The U.S. House of Representatives has passed a new tax and spending bill that significantly alters the state and local tax ...

The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.

The real estate industry panicked when deductions for state and local taxes were slashed, but the new tax bill would bring ...

The version passed by the House increases that deduction limit to $40,000. The increase was a big point of contention for ...

The U.S. House of Representatives has approved a budget and tax package that includes significant changes to the state and ...

House passes sweeping Trump-backed budget bill with $3.8 trillion in tax cuts and spending. Senate expected to propose ...