Trump, tax law and SALT deduction
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Trump's tax and spending law will impact education savings, gambling losses and tips. Here's a breakdown of the highlights.
A new $6,000 tax break for Americans aged 65-plus could offer relief, but some may see little benefit. Here’s who will benefit the most.
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An above-the-line deduction for charitable giving is expected to generate an estimated $74 billion for nonprofits over a decade.
Santa Clara County officials fear that Republicans’ “big, beautiful bill” will rip a “seismic tear” in the country’s social safety net as they brace for more than $1 billion in lost federal revenues locally over the next few years.
Many filers won’t be able to take full advantage of expanded deductions in the recently passed tax law.
Grinnell College would have been the only Iowa school affected by a tax increase on colleges with large endowments in President Donald Trump's budget.
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 take advantage of this extra write-off, which is popularly referred to as the SALT deduction.