The SALT deduction temporarily jumped to $40K under Trump’s tax reform, and the $750K mortgage interest cap is now permanent, ...

The IRS has released the 2026 tax brackets, as well as the new standard deductions and several other inflation-related adjustments. Although the marginal tax rates have not changed, the new tax ...

The State and Local Taxes (SALT) deduction allows you to deduct certain taxes from your federal taxable income. These include property taxes, income taxes, or sales taxes. However, you must choose ...

President Donald Trump's One Big Beautiful Bill Act (OBBBA) raised the state and local tax (SALT) cap deduction to $40,000 ...

Elizabeth Guevara is a journalist working to explain the world of business and economics and how it impacts your finances. She joined Investopedia in 2024 as a breaking news writer covering personal ...

Learn how to categorize and compute household expenses, including housing, food, transportation, and more, for budgeting and tax purposes.

HUNTSVILLE, Ala. (WAFF) - The One Big Beautiful Bill Act will impact the way you pay taxes this year, especially if you plan to use itemized deductions. Financial expert Jay McGowan from the Welch ...

Adjustments to the extra standard deduction can impact the tax bills of millions of older adults. Here are some new amounts ...

If you’re retired and filing taxes, these tax credits and deductions could provide thousands in relief (if you qualify).