Although Trump enacted the $10,000 SALT cap in 2017, he reversed his position last year on the campaign trail, vowing to “get ...

The IRS recently updated its income tax bracket ranges and the standard deduction for 2025. Depending on your income level, ...

Super rich people may avoid paying more than $160 billion in taxes every year, the Treasury says. Here are six strategies they use to do that.

If you live in a state without income tax, you can take advantage of the sales tax deduction if you opt for itemized ...

Federal income taxes on individuals can be reduced by certain tax deductions, notably for mortgage interest. Tax credits such as the Earned Income Tax Credit provide benefits to specific groups of ...

Brackets may change. The standard deduction could fall. And President Trump will probably not remove taxes on Social Security ...

The potential cap, which would limit how much philanthropic donors can deduct from their state taxes, adds to a climate of ...

Three states challenging a Treasury rule that curbs their programs to circumvent the $10,000 cap on state and local tax ...

Enacted via the Tax Cuts and Jobs Act, or TCJA, of 2017, there's currently a $10,000 limit on the federal deduction on state and local taxes, known as SALT. Residents who itemize tax breaks cannot ...