Larger tax refunds predicted for millions
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SALT deduction cap rises to $40,400 for high-tax state residents
The One Big Beautiful Bill Act (OBBBA) introduces a significant change for taxpayers in high-tax states by raising the SALT ...
The standard deduction and SALT cap are both higher and there are new perks for seniors, those who financed new cars and ...
While many households will see higher refunds this year, they may be far smaller than promised and offset by higher tariffs ...
New tax law increases Child Tax Credit to $2,200 and raises SALT deduction to $40,000 for married couples, potentially ...
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 ...
Taxpayers should prepare for major tax-policy shifts this year. Forbes’ expert contributors explain how — and when — key rule ...
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Tax tip: 2025 SALT tax deduction
CNBC’s Sharon Epperson explains changes in the deduction for state and local taxes. For more Tax Tips, go to ...
The SALT deduction, which was temporary under the OBBBA Act, raised it from $10,000 to $40,000 if your income is under $500,000. The new senior deduction is a $6,000 deduction you get just for ...
You’ll find new deductions and new forms when you file taxes this year, thanks to the One Big Beautiful Bill Act.
The Internal Revenue Service anticipates receiving some 164 million individual income tax returns as Americans digest the ...
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