President Donald Trump's "big beautiful bill" added a "SALT torpedo" for higher earners that could incur a 45.5% tax rate.

On July 4, 2025, President Donald Trump signed the reconciliation bill, known as the “Big Beautiful Bill” (“BBB”), which ...

Big Beautiful Bill affects personal injury plaintiff firms. The double tax is now permanent, but there's no litigation ...

A higher cap on the deduction for state and local taxes is one element of Trump’s Big Beautiful Bill that Gov. JB Pritzker ...

Here is what President Donald Trump's massive tax and spending bill could mean for the U.S. economy and your finances.

Realtor.com broke down the 10 states and 10 metropolitan areas with the highest percentage of properties with taxes over ...

Both parties are planning to make the sweeping tax cut and spending measure an issue in this year’s gubernatorial races in ...

From increased deductions on mortgage interest to more incentives for low-income housing construction, the 'Big Beautiful ...

One might expect that an increased State and Local Tax (SALT) deduction cap in the new tax bill would be front and center for ...

In welcome news for individual taxpayers, the One Big Beautiful Bill Act temporarily increases the “SALT cap” – the limit on the amount of the ...

If you itemize tax breaks, you can claim the SALT deduction, which includes state and local income taxes and property taxes. Trump's legislation raises the SALT deduction limit to $40,000 starting in ...

Sen. Markwayne Mullin helped navigate SALT deduction caps and Byrd rule complexities as the de facto liaison between Senate ...