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Tax Brackets

Quadrupled SALT deduction limit means more taxpayers will benefit from itemizing on their 2025 returns

Charitable Donation Deductions, Charitable Donations, Deductions, Individual Income Tax, Individual Tax Tips, Itemized Deduction, Local Taxes, Modified Adjusted Gross Income (MAGI), One, Big, Beautiful Bill Act, SALT, State Tax, Tax Brackets /

An important decision to make when filing your individual income tax return is whether to claim the standard deduction or itemize deductions. A change under the One Big Beautiful Bill Act (OBBBA) will make it beneficial for more taxpayers to itemize deductions on their 2025 returns. Specifically, if you paid more than $10,000 in state […]

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What the new tax law could mean for you

(LTCG) Net Long-Term Capital Gain, Child Tax Credit, Estate Tax, Federal Taxes, Gift Tax, Individual Income Tax, Individual Tax Tips, Inflation, Non-Child Dependent, One, Big, Beautiful Bill Act, Real Estate, SALT, Tax Brackets /

As 2025 began, individual taxpayers faced uncertainty with several key provisions of the tax law that were set to expire at the end of the year. That changed on July 4, when President Trump signed the One, Big, Beautiful Bill Act (OBBBA) into law. The OBBBA not only makes many TCJA provisions permanent but also

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