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

SALT, which can be claimed by taxpayers who itemize their deductions, is why the very rich get less of a break in California ...

NewHomeSource reports on the 'Big Beautiful Bill,' impacting homebuyers with mortgage tax deductions, SALT cap increases, and ...

The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025. Its primary objective is to extend key provisions of the 2017 Tax Cuts ...

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

Progressives reflexively denounce tax cuts and spending cuts as “giveaways to the wealthy” or “stealing from the poor.” So, ...

Trump’s spending bill includes cuts to Medicaid, food assistance and more. But it also increases a federal tax credit that ...

The higher cap in the Big Beautiful Bill looks like good news, Ross Atefi, founder of Yatra Wealth Design, warns that for ...

After Congressional Republicans passed the One Big Beautiful Bill last month, members have returned to their home districts, ...

The "One Big, Beautiful Bill" increases two significant tax deductions, but cuts clean energy tax credits for the 2025 tax ...

The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from $10,000, for the next five years. Now it’s up to taxpayers to see if they can ...

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