President Donald Trump’s “One Big Beautiful Bill” quadruples the state and local tax (SALT) deduction cap to $40,000. Sounds ...

Advisors are seeing more high net worth clients impacted by the so-called 'SALT torpedo'. Here's how they are dealing with it ...

Roth conversions and capital gains could disqualify high earners from Trump's $40,000 SALT deduction. Here's how to avoid the ...

Trump’s OBBBA raises the SALT deduction limit, but most taxpayers won’t see gains. Here’s how the change works and who truly ...

Roth conversions and capital gains could disqualify high earners from Trump's $40,000 SALT deduction. Here's how to avoid the ...

President Trump's 'One Big Beautiful Bill' promises a temporary increase in the SALT deduction cap, but the benefits are narrowly targeted. While high-income earners in high-tax states may see relief, ...

In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers five questions on changes to the ...

Discover how Rochester businesses can benefit from 100% bonus depreciation and expanded Section 179 expensing under the new ...

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 ...

The passage of the One Big Beautiful Bill Act (OBBBA) in July brought certainty to individual taxpayers. Had new legislation not been passed and signed into law, many of the key tax breaks in the Tax ...