On May 22, 2025, the House of Representatives passed the One Big Beautiful Bill Act (OBBBA). Tax-related proposals contained in the OBBBA would ...

As reported on May 16, 2025, the SALT cap proposal contained in the legislation that was pending in the U.S. House of ...

As the big, beautiful tax bill winds its way through Congress, Wisconsin construction companies are watching for tax ...

Two potential New York gubernatorial challengers helped negotiate a federal provision to quadruple the contentious $10,000 cap on the amount taxpayers can deduct from their state and ...

The State and Local Tax (SALT) deduction has been a pivotal aspect of the U.S. tax system, especially impacting taxpayers in ...

A proposed $40,000 cap on the SALT deduction reignites debate over who benefits most, especially in high-tax states.

Despite lawmakers increasing the deduction for qualified business income deduction to 23% in the new bill and making it permanent starting in 2026, financial advisors and RIAs organized as ...

Republicans brokered a deal for the tax bill after division on raising the SALT deduction cap from $10,000. Democrats call ...

The 1,116-page bill the House passed early Thursday morning to enact President Trump’s ambitious legislative agenda faces a ...

Connecticut’s congressional delegation joined opposition to House Republicans’ “big beautiful bill” designed to carry out ...

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...