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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 ...
Institute on Taxation and Economic Policy15hOpinion
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 ...
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.
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What the Senate Tax Plan Could Mean for State and Local Tax Deductions
The federal deduction for state and local taxes (SALT) is back in the spotlight. Senate Republicans unveiled their tax plan Monday, leaving millions of Americans wondering what it means for their ...
The new $40,000 cap on SALT deductions in Trump’s big bill aids homeowners most in these cities
The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from ...
The New SALT Cap Is Much Higher. Who It Will—and Won’t—Help.
The megabill raised the ceiling to $40,000 on the state-and-local tax deduction. How much you benefit depends on where you live.
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, ...