Many consumers across the country may potentially see thousands of dollars more in their tax refunds with this change.

See how the SALT deduction can cut your tax bill. Learn which state and local taxes you can deduct, how the SALT cap applies, and why it matters.

President Donald Trump's "big beautiful bill" raised the limit on the federal state and local tax deduction, known as SALT, to $40,000 for 2025. From 2018 through 2024, the SALT deduction was limited ...

The SALT deduction is only available to taxpayers who itemize their deductions rather than claiming the widely used standard deduction The decision on whether to take the standard deduction or itemize ...

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 ...

President Donald Trump's "big beautiful bill" boosted the SALT deduction limit to $40,000 for 2025, up from the previous $10,000 cap. The SALT deduction includes property taxes plus either state and ...

Now that the 2025 federal tax bill has been signed into law, it’s appropriate to revisit one of its most news-making elements: the federal deduction for state and local taxes (SALT). The new SALT ...

The Trump administration’s tax and spending bill signed into law this month contains many provisions opposed by the congressional delegations of blue states, including Massachusetts. Nevertheless, the ...

The state and local tax deduction has always been a political flashpoint, but its impact goes far beyond politics. With Congress having expanded the SALT deduction in the new tax law, businesses need ...

President Donald Trump’s “One Big Beautiful Bill” quadruples the state and local tax (SALT) deduction cap to $40,000. Sounds like a sweet perk, right? Despite all the political fanfare about helping ...