Those who still choose to itemize their deductions will also see changes. Trump’s law temporarily raises the cap on state and local tax (SALT) deductions. It goes from $10,000 to $40,000 in 2025. This change could benefit taxpayers in high-tax states.

Range reports that Trump’s “Big Beautiful Bill” offers significant tax changes for high earners, including increased estate tax exemptions and expanded SALT deductions.

President Donald Trump’s “big, beautiful bill” includes major wins for business interests that carried out aggressive lobbying campaigns on Capitol Hill.

Starting next year, millions of Americans — from restaurant servers to retirees — could receive lower tax bills under President Trump's recently signed tax legislation. Why it matters: The sweeping law locks in Trump-era tax cuts and rolls out a fresh set of deductions,

The “big beautiful bill” that Donald Trump signed into law rolls back tax credits for things like electric cars and home EV chargers, rooftop solar panels, heat pumps and more.

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.

President Trump vowed to end taxes on Social Security, but the One Big Beautiful Bill stops short of fulfilling that promise.

For some strange reason, Trump's "won't somebody think of the unattractive billionaires" claim wasn't exactly the rallying cry he might have expected.