10 States Where Taxpayers Have the Most Write-Offs
Where you live can have a direct impact on your tax burden. While federal tax deductions remain consistent nationwide, ...
The state and local tax deduction could change amid Trump's tax cuts debate. Here's what to know.
Although Trump enacted the $10,000 SALT cap in 2017, he reversed his position last year on the campaign trail, vowing to “get ...
CNET on MSN3d
2025 Federal Tax Brackets: Here's Why Your Paycheck May Be Bigger This Year
The IRS recently updated its income tax bracket ranges and the standard deduction for 2025. Depending on your income level, ...
How the top 1% use these six loopholes to skirt $160 billion in taxes each year.
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.
Money Digest on MSN1d
The Tax Deduction You Should Know About If You Live In These 7 States (Including Florida)
If you live in a state without income tax, you can take advantage of the sales tax deduction if you opt for itemized ...
Massachusetts nonprofits brace for impact of proposed cap on charitable deductions
The potential cap, which would limit how much philanthropic donors can deduct from their state taxes, adds to a climate of ...
SALT Cap Bypass Appeal Challenges Move to Boost Federal Coffers
Three states challenging a Treasury rule that curbs their programs to circumvent the $10,000 cap on state and local tax ...
NBC Washington12d
The state and local tax deduction could change amid Trump's tax cuts debate. Here's what to know
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 ...