Tax season 2026 is here, and the savvy tax filer can take advantage of increases made to the SALT deduction this year. According to Thomson Reuters, the SALT deduction will bring particular relief to ...

One of the big changes made by last year's "One Big Beautiful Bill" (OBBB) could save you a lot of money when you file your taxes this year—especially if you live in a state with high taxes. The new ...

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 ...

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 ...

The Trump administration’s tax and spending bill signed into law this month contains many provisions opposed by the congressional delegations of blue states, including Massachusetts. Nevertheless, the ...

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 ...

CORRECTION: A previous version of this story incorrectly stated the amount of the new deduction. We regret the error. New Jerseyans have been screaming about it for ...

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 ...

Among the changes in the One Big Beautiful Bill Act is an adjustment to the state and local tax deduction cap. The bill temporarily increases the SALT deduction cap, allowing taxpayers to deduct a ...

In New Jersey, for instance, more than 40% of homeowners paid more in property taxes than the previous $10,000 cap allowed. Under the new $40,000 limit, only 1.6% are expected to exceed the threshold.