The standard deduction and SALT cap are both higher and there are new perks for seniors, those who financed new cars and ...

The One Big Beautiful Bill Act temporarily raises the SALT deduction limit, offering potential tax savings of thousands of ...

The new tax bill also temporarily raises the cap on the state and local tax (SALT) deduction to $40,000, up from $10,000. The ...

Taxpayers should prepare for major tax-policy shifts this year. Forbes’ expert contributors explain how — and when — key rule ...

The One Big Beautiful Bill included sweeping tax law changes. Here are several key changes individual taxpayers need to know ...

New tax law increases Child Tax Credit to $2,200 and raises SALT deduction to $40,000 for married couples, potentially ...

President Donald Trump's "big beautiful bill" temporarily increased the SALT deduction cap from $10,000 to $40,000 starting in 2025. The $40,000 SALT deduction limit starts to decrease once modified ...

Tax season is officially here and, with it, a whole slew of new tax rules. The recently passed “One Big Beautiful Bill” Act ...

Among the changes in the One Big Beautiful Bill Act is an adjustment to the state and local tax deduction cap. The bill temporarily increases the SALT deduction cap, allowing taxpayers to deduct a ...

CNBC’s Sharon Epperson explains changes in the deduction for state and local taxes. For more Tax Tips, go to ...

The Internal Revenue Service anticipates receiving some 164 million individual income tax returns as Americans digest the ...