Senate Republicans’ tax bill raises the ‘SALT’ deduction cap to $40,000. Here’s who could benefit from the change.

The Senate's version of the One Big Beautiful Bill takes the shine off some of Trump's most popular promises. Here's why.

Congress passed a giant tax bill that includes the Senate's SALT changes that allow rich Americans in high-tax states to save ...

America's takeaway from this should be to laugh hysterically the next time Republicans claim to be the party of responsible ...

All eyes are now on the House after the Senate narrowly passed a major tax cut and spending bill that is the centerpiece of ...

Vice President JD Vance provided the tie-breaking vote to get Trump's bill across the finish line. It now must go back to the ...

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Final tax reform bill preserves SALT and PTET deductions for traders and professionals, avoiding SSTB carve-outs and ensuring ...

An AICPA statement after the bill was issued by the Senate Budget Committee lauded lawmakers for “diligent work to reject new tax increases” on passthrough business including CPA firms.

The Senate bill drops this approach, thus leaving PTET workarounds available for all types of trades or businesses, but subject to the new caps otherwise imposed by the bill on such workarounds.

Senate Republicans’ tax bill raises the “SALT” deduction cap to $40,000. Here’s who could benefit from the change.