Order byBest matchMost fresh
New SALT Cap Deduction: Unlock Massive Tax Savings with Non-Grantor Trusts
The One Big Beautiful Bill Act's increase of the state and local tax (SALT) deduction cap creates an opportunity to use multiple non-grantor trusts to maximize deductions and enhance estate planning.
Institute on Taxation and Economic Policy10hOpinion
States Should Move Quickly to Chart Their Own Course on SALT Deductions
While a federal SALT cap is hotly debated, capping deductibility at $10,000 was an unambiguously good idea at the state level. States would be smart to stick with the current cap or, better yet, go even farther and repeal SALT deductions outright.
The new $40,000 cap on SALT deductions in Trump’s big bill aids homeowners most in these cities
The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from $10,000, for the next five years. Now it’s up to taxpayers to see if they can take advantage of this extra write-off, which is popularly referred to as the SALT deduction.
15.6% of Homeowners In Washington, D.C. Will Benefit From The New SALT Deduction Changes
In a city where high property values and tight inventory strain affordability, the expanded deduction offers fresh breathing room.
SALT deduction cap boosted to $40,000 — here’s who stands to get the biggest tax break
The new tax law hiked the SALT deduction cap to $40,000. That’s good news for taxpayers in high tax states, but it’s a temporary boost.
Explore more
New SALT Cap Could Slash Property Tax Pain for Homeowners in These High-Tax States
A new $40K SALT cap could deliver long-awaited tax relief to homeowners in high-cost states like NJ, NY, and CA by cutting their tax burden.
19.4% of Connecticut Residents Stand to Gain From Updated SALT Deduction Rules on Property Taxes
In high-cost cities like Bridgeport, the change could ease financial strain and boost mobility in a state long burdened by steep taxes.
Trump tax and spending bill passes with Senate's generous SALT changes. Why this matters.
Congress passed a giant tax bill that includes the Senate's SALT changes that allow rich Americans in high-tax states to save money, experts say.
Why Small Businesses Should Care About the SALT Tax
The latest SALT deduction change could mean thousands in tax savings for small businesses. But it’s won’t be a permanent staple. President Trump’s new tax law means a fourfold increase to a tax perk that could benefit entrepreneurs operating in high-tax states.
The SALT deduction is now much more generous. Here’s how to get the most out of the tax break.
A deduction to defray homeowners’ state income taxes and local property taxes is getting much more generous, following fierce debate among lawmakers in Washington. The focus on the write-off is now coming from homeowners deciding if they should use the deduction to their advantage for the first time in years.
Inland Valley Daily Bulletin6dOpinion
Are we pouring SALT on housing’s affordability wounds?
Tossing more money at the housing market only benefits the few who qualify – and makes house hunting a futile chase for the masses.
Feedback