Revisions to rules for deducting state and local taxes and charitable donations will affect millions of affluent Americans.

An increase in the deduction limit sounds like great news for high earners — but take cover, because a high-speed tax penalty ...

For the next five years, there will be a much more generous state and local tax deduction available to federal income tax filers, thanks to the recently enacted mega tax-and-spending-cuts law. The new ...

It could be worth the time this holiday to consider these tax moves before year end. They could save you money in 2025 and beyond.

Presumably, these areas will benefit the most from the SALT deduction cap increase. “The winners of this deduction will most definitely be the middle- to upper-middle-class earners of high-tax states, ...

State and local taxes — or SALT — deduction can make a major difference in how many dollars your household owes or earns come tax season. As finance author and podcast host Suze Orman shared in a blog ...

When Congress passed the Tax Cuts and Jobs Act in 2017, the $10,000 cap on state and local tax (SALT) deductions hit homeowners in high-tax states like New Jersey especially hard. Now, the new law ...

Smart year-end moves—like upping retirement contributions, using new OBBA tax breaks, and spending your FSA money—can strengthen your financial position heading into 2026.