The SALT deduction, intended to alleviate tax burdens for homeowners in high-tax states, faces a significant hurdle for high-earning individuals due to the "SALT torpedo." This phenomenon occurs when ...

An increase in the deduction limit sounds like great news for high earners — but take cover, because a high-speed tax penalty ...

As Senate Republicans debate trillions of tax breaks advanced by the House, some business owners could be blocked from part of the proposed windfall, policy experts say. Stream Los Angeles News for ...

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 ...

During the negotiations over President Donald Trump's signature tax and spending bill this year, one of the most contentious issues was the state and local tax deduction, or SALT. By letting people ...

While Washington state is known for skipping the income tax, its rising home values have made property taxes an increasingly weighty line item for many homeowners. Now, with the federal SALT (state ...

The SALT deduction is only available to taxpayers who itemize their deductions rather than claiming the widely used standard deduction The decision on whether to take the standard deduction or itemize ...

The One Big Beautiful Bill Act makes major temporary tax cuts from 2017 permanent for high earners and businesses, reshaping the relationship between federal taxation and high earners.

Learn how tax deductibles work to lower your taxes. Discover common deductions like student loan interest, charitable ...

The One Big Beautiful Bill brought several changes to personal income taxes. Learn what you need to know for the upcoming tax season. Peter is a writer and editor for the CNET How-To team. He has been ...