News

New Jersey’s New SALT Deduction Rules Could Help Homeowners Keep More Money
New Jersey ranks among the highest states with share of homeowners who currently pay more than $10,000 in annual property ...
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 ...
Institute on Taxation and Economic Policy7hOpinion
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 ...
32% of Homeowners in Austin, Texas Will Benefit From the New SALT Deduction Changes
While not traditionally a SALT hotspot, the change could bring meaningful relief in a state where property taxes pack a punch ...
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.
American homeowners and families get relief with the 'one, big beautiful bill'
The One Big Beautiful Bill Act, recently signed into law by President Donald Trump, contains some measures that could help American homeowners.
How will the One Big Beautiful Bill Act change Tax Provisions for Owners of Condo Units?
OBBB Act updates key tax rules for condo owners, including higher standard deductions, a $750,000 mortgage interest limit, ...
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.