Young and the Invested on MSN

Cracking the SALT code: Navigating the new landscape of state deductions

Pass the SALT? What’s next for this federal tax deduction?
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SALT deduction cap boosted to $40,000 — here’s who stands to get the biggest tax break

Wed, July 9, 2025 at 5:22 PM UTC The sweeping new tax law that President Donald Trump signed into law on July 4 includes a valuable, but temporary, boost to the state and local tax (SALT) deduction: ...
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These 2 Types of Seniors Won't Benefit From President Trump's "One, Big, Beautiful Bill" Tax Deduction

If you're a senior, tax time might be a little less painful for you next spring due to the passage of the "big, beautiful bill" (BBB). It made several law changes, including the addition of a new ...
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New $6K senior deduction: How much you could save at different income levels

For millions of retirees, every dollar saved on taxes can help keep up with rising grocery and gas prices, health costs, and everyday living expenses. And a new senior bonus deduction in the 2025 ...