Changes to the state and local tax (SALT) deduction in the so-called 'big beautiful bill' have put this tax break in the spotlight.

The "One Big Beautiful Bill" (OBBB) that President Trump signed into law on July 4 made significant changes to the deduction for State and Local Taxes—nicknamed the "SALT" deduction. These changes ...

Renewed questions surrounding the future of the SALT cap surfaced over the weekend as a meeting with President-elect Donald Trump made headlines, but what exactly is the SALT tax and what could be in ...

Forbes contributors publish independent expert analyses and insights. Leading writer and speaker in the area of trader tax benefits. Even with a temporary $40,000 SALT cap, high earners face phaseouts ...

As the Senate considers next steps for the House-passed “big, beautiful” tax bill, the battle lines have been drawn for a showdown over the state and local tax (SALT) deduction. The House package ...

The Tax Cuts and Jobs Act (TCJA)—passed in 2017 during the first Trump administration—wasn't really a tax cut in practice. It ended up functionally raising taxes on a lot of people. While it did lower ...

LEONIA, N.J. — With the inauguration of Donald Trump happening next week, there's a new push to repeal the so-called SALT cap on state and local tax deductions. Lawmakers on both sides of the aisle ...

The Republican president campaigned on lifting these limits on state and local tax deductions President Donald Trump dimmed the hopes of some Republicans Tuesday when he took a public swipe at their ...

The state and local tax deduction, a write-off that primarily benefits higher-income Americans living in high-tax areas, was one of the most disputed provisions of Trump’s tax-and-spend bill. The law ...

Senate Republicans on Tuesday passed changes to the federal deduction for state and local taxes, known as SALT, as part of President Donald Trump’s multitrillion-dollar spending bill. Passed via the ...

Key New York House Republicans say they are rejecting a proposal from GOP leadership to raise the state and local tax (SALT) deduction cap to $30,000 in the party’s bill full of President Trump’s ...