President Donald Trump's "big beautiful bill" increased the SALT deduction limit to $40,000 for 2025. Here's how that could ...
Learn how property taxes work, who qualifies for deductions, and how the $10,000 SALT cap impacts homeowners. Maximize your ...
The standard deduction is bigger than ever, itemizing rules have changed, and new deductions complicate matters. Here’s how ...
In New Jersey, for instance, more than 40% of homeowners paid more in property taxes than the previous $10,000 cap allowed. Under the new $40,000 limit, only 1.6% are expected to exceed the threshold.
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 ...
The clock is ticking on several significant tax changes that could impact your 2025 return-and your long-term financial strategy. With new provisions from the One Big Beautiful Bill Act (OBBBA) taking ...