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 ...

Trump is the first president to visit Rockland in 50 years. The last president stop by the Big Apple suburb was President ...

Homeowners now have the chance to write off much more of their state and local tax bills, and this could potentially lead to bigger tax refunds. That’s if they play their cards right on the SALT ...

The recently passed One Big Beautiful Bill Act (OBBBA) gave Americans a huge tax cut that critics say primarily benefits the wealthy. But the law contains a rare reversal from President Donald Trump ...

Now that the 2025 federal tax bill has been signed into law, it’s appropriate to revisit one of its most news-making elements: the federal deduction for state and local taxes (SALT). The new SALT ...

State and local taxes — or SALT — deduction can make a major difference in how many dollars your household owes or earns come tax season. As finance author and podcast host Suze Orman shared in a blog ...

For the next five years, there will be a much more generous state and local tax deduction available to federal income tax filers, thanks to the recently enacted mega tax-and-spending-cuts law. The new ...

The new SALT deduction was supposed to give homeowners in high-tax states a break. By quadrupling the amount of state and local taxes they could deduct from their federal return, these homeowners ...

When you itemize tax breaks, you can claim the SALT deduction, which includes state and local income taxes and property taxes. Trump's 2017 tax cuts added a $10,000 cap on the SALT deduction through ...