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 state and local tax deduction is a federal income tax provision that allows taxpayers who itemize deductions to subtract certain state and local taxes — chiefly income, property and sales taxes — ...

The recently enacted OBBBA introduces several compelling new planning opportunities for high-net-worth individuals and families to consider. Among the most impactful changes is the increase to the ...

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

There's currently a $10,000 limit on the federal deduction on state and local taxes, known as SALT, which will sunset Dec. 31, 2025, without action from Congress. It's been a key issue for lawmakers ...

The SALT deduction, which was temporary under the OBBBA Act, raised it from $10,000 to $40,000 if your income is under $500,000. The new senior deduction is a $6,000 deduction you get just for being ...

Tax tip: 2025 SALT tax deduction CNBC’s Sharon Epperson explains changes in the deduction for state and local taxes. For more Tax Tips, go to cnbc.com/money101 to sign up for the “Money 101 Newsletter ...

Heather Mallette is a certified public accountant and tax manager for Teal, Becker & Chiaramonte, CPAs, P.C., a local accounting firm. Mallette says local federal tax filers can benefit under new tax ...