President Donald Trump’s new tax law creates both winners and losers — and certain homeowners are poised to win big from the law’s higher deduction for state and local taxes. The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,

President Donald Trump’s ‘big beautiful bill’ delivers a temporary higher limit on the federal deduction for state and local taxes, known as SALT.

A new $6,000 tax break for Americans aged 65-plus could offer relief, but some may see little benefit. Here’s who will benefit the most.