Trump's legislation also reduces itemized deductions for certain taxpayers in the top, 37%, income tax bracket, which lowers the benefit of the bigger SALT cap for the highest earners.

The One Big Beautiful Bill cements TCJA tax cuts, expands child credit, adds senior and auto loan deductions, and raises SALT cap—some provisions expire after 2028 ...

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

To check your itemized deductions: If last year’s return included a Schedule A, you itemized deductions. Look at line 12a on your Form 1040.

Before 2018, the tax break — including state and local income and property taxes — was unlimited for filers who itemized deductions.

The IRS allows you to claim deductions that reduce the amount of tax you owe. Those deductions either are itemized deductions or standard — a flat rate.

Oregon Enacts Law Requiring Employers to Disclose Detailed Explanation of Payroll Codes, Itemized Deductions, and Pay Rates to Employees Upon Hire Justin Brown, Paul Cirner, Gilbert Cotto-Lazo Littler ...

The revised text would also reduce itemized deductions for certain taxpayers in the 37% income tax bracket, which could lower the benefit of the higher SALT cap.

In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on tax deductions and losses.

Standard or itemized deduction: Which one should you claim? This question may be weighing heavily on your mind as you prepare to file your taxes.

Covers nonrefundable and refundable credits not on Form 1040, like education credits, residential energy credits, or excess Social Security tax withheld. Schedule A – Itemized Deductions ...