Finance ❯ Taxation ❯ Deductions

State and Local Taxes

SALT Cap SALT Deduction Cap SALT Deductions SALT Deduction Income Limits Homeowners Increased Deduction Limits Increased Deduction Cap Child Tax Credit SALT Cap Changes California Deduction Caps Federal Deficit

Bigger Refunds and New Deductions Await 2025 Filers Under the One Big Beautiful Bill Act

Many households will realize the law’s benefits at tax time because withholding tables stayed unchanged after passage.

GOP Leaders Propose Five-Year $40,000 SALT Cap in Tax Bill

Senate Republicans Plan to Lower SALT Deduction Cap, Prompting House Revolt

Senate Faces GOP Divisions Over $40,000 SALT Deduction Cap Proposal