The increased SALT deduction cap under the One Big Beautiful Bill Act provides a powerful tool for tax and estate planning, particularly through the use of non-grantor trusts. By strategically ...

awmakers are nearing a deal to raise the federal cap on state and local tax (SALT) deductions from $10,000 to $40,000 The SALT cap has become a sore spot for lawmakers in those states, where rapid ...

California and New Jersey are two of the states that would benefit from a SALT deduction increase. A new tax deal in Washington could bring long awaited relief to homeowners in high tax states—all it ...

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 ...

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 ...

In this episode of Tax Notes Talk, Steve Kralik of Armanino discusses the One Big Beautiful Bill Act’s implications for state tax, including the new version of the SALT cap and how states may conform ...

High-income residents of Democratic-leaning states are on track for substantial refunds early next year, aided by a temporary expansion of the state and local tax (SALT) deduction. President Donald ...

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 ...

EMANI FLEMING IN THE NEWSROOM. WITH THAT EMANI. WELL, STEVE, THAT TAX DEDUCTION IS CALLED THE SALT CAP. AND IT STANDS FOR STATE AND LOCAL TAX AND REFERS TO AN INDIVIDUL’S ABILITY TO DEDUCT SOME OF ...

The impasse over the state and local tax (SALT) deduction cap is deepening as Senate Republicans and House moderates from high-tax blue states remain at a loggerheads, a stalled state of play that is ...

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 ...