The tax code has seen substantial changes under President Donald J. Trump's One Big Beautiful Bill Act (OBBBA), which made permanent many individual tax cuts while introducing new, targeted benefits.

Now that your 2025 tax return has been filed — hopefully so, anyway — it’s possible you’d rather think of almost anything else. But while the topic is fresh in your mind, it’s worth considering ...

The SALT deduction cap rose from $10,000 to $40,000 starting in 2025 under the One Big Beautiful Bill Act (OBBBA). According to tax pros who spoke to GOBankingRates, this allows larger itemized ...

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 — ...

A bigger standard deduction, changes in the itemizing rules and new temporary deductions all complicate the decision. Here’s how to choose the option that’s best for you. When it comes to federal ...

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 ...

Owning a home changes your tax picture, but not always in obvious ways. Some homeowners assume buying a home automatically leads to a larger refund. Even long-standing homeowners can overlook ...

TAX DAY IS RIGHT AROUND THE CORNER NOW JUST OVER TWO WEEKS AWAY. TIME’S TICKING DOWN. WE GOT TO GET IT DONE. JOINING US LIVE THIS MORNING WITH SOME TIPS YOU SHOULD KNOW IN FILING THIS YEAR IS TONY ...