News

Lawmakers Land SALT Cap Deal That Will Offer Major Relief to Homeowners in High-Tax States
Lawmakers are close to a deal that would raise the SALT cap to $40,000—offering potential tax relief for homeowners in ...
Congress' Newly Passed Bill Means Homeowners Could Save Thousands In Taxes
A key provision included in the law will raise the cap on the State and Local Tax (SALT) deduction to $40,000.
Journal of Accountancy23h
Tax provisions in the One Big Beautiful Bill Act
The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and ...
When would Trump's tax and spending bill go into effect?
Different provisions of the GOP tax and spending bill will kick in over the next year or so. Many are set to expire just ...
Where the Megabill Landed on the SALT Deduction
Business owners continue to get the biggest tax benefit.
We moved from Salt Lake City to a small Texas town. The high property taxes shocked us, but the small-town vibe is worth it.
Lance Koster was ready for a career change and believed Texas was the best place to make it happen. The Koster family is ...
SALT caucus likely to keep gains despite leaving sour taste in Freedom Caucus mouths
The current $40,000 SALT cap that was brokered appears likely to stay as any changes would undoubtedly cost votes from the ...
How much can I deduct for my local taxes? Congress just decided
A popular tax break used in high-tax states like New Jersey would be capped under a deal reached over the weekend by ...