News

From “no tax on tips” to the $6,000 “senior bonus,” state lawmakers are integrating components of the One Big Beautiful Bill into their respective tax codes.
The proposed House GOP tax bill raises ‘SALT’ deduction cap to $30,000 for most taxpayers. Here’s who would benefit the most, experts say.
Roughly 400,000 Utah retirees are expected to gain from a new federal tax deduction that eliminates Social Security income ...
Progressives reflexively denounce tax cuts and spending cuts as “giveaways to the wealthy” or “stealing from the poor.” So, ...
The House-approved tax bill could end the popular ‘SALT’ deduction workaround for certain pass-through businesses. Here’s what to know.
Both bills also reduce itemized deductions for certain taxpayers in the 37% income tax bracket, which could lower the benefit of the higher SALT cap. This reduction is bigger in the House bill.
Thanks to the One Big Beautiful Bill ACT (OBBBA), some taxpayers can now take greater advantage of the state and local tax ...
Progressives reflexively denounce tax cuts and spending cuts as “giveaways to the wealthy” or “stealing from the poor.” So, take it with a grain of salt when House Minority Leader Hakeem Jeffries, D-N ...
Enacted via the Tax Cuts and Jobs Act, or TCJA, of 2017, there's currently a $10,000 limit on the SALT deduction for filers who itemize tax breaks. This cap will expire after 2025 without changes ...