The New $40,000 SALT Cap: What It Means for Taxpayers After the Big Beautiful Tax Bill
Congress just passed the “Big Beautiful Tax Bill,” and one of the biggest changes is a major update to the SALT (State and Local Tax) deduction cap. Instead of being limited to $10,000, some taxpayers will now be eligible for a $40,000 SALT deduction — but only temporarily and only if certain income limits are met.
PTET Survives: Why This Pass-Through Entity Tax Loophole Still Matters After Passing of the Big Beautiful Tax Bill
There was a lot of buzz surrounding the “Big Beautiful Tax Bill” recently signed into law, and while most headlines focused on the new $40,000 SALT deduction cap, a quieter but equally important victory came in the form of what didn’t make it into the final bill for the business owners of pass-through entities.
Only Minor Changes to HSA Accounts Following The Passing of the Big Beautiful Tax Bill
The Big Beautiful Tax Bill made waves with several high-profile tax changes, but surprisingly, very few changes were made to Health Savings Accounts (HSAs). Below we outline what made it into the final bill, what got removed, and what retirees—especially those on Medicare—need to know going forward.
EV Tax Credit Eliminated By The Big Beautiful Tax Bill: What You Need to Know Before the Clock Runs Out
The recently passed “Big Beautiful Tax Bill” includes sweeping changes to the tax code, but one provision that caught many by surprise is the elimination of the Electric Vehicle (EV) tax credit—a popular incentive for buyers of new, used, and commercial EVs.
Child Tax Credit Increased Under the Big Beautiful Tax Bill
The Big Beautiful Tax Bill that just passed includes several targeted tax updates that will impact households beginning in the 2025 tax year. One of the more widely applicable changes is a modest increase to the Child Tax Credit (CTC)—a benefit claimed by millions of families each year.
New Auto Loan Interest Deduction Under the Big Beautiful Tax Bill: What You Need to Know
The recently passed Big Beautiful Tax Bill introduced a series of attention-grabbing tax changes but one provision could directly benefit millions of Americans is the creation of a new tax deduction for auto loan interest.
Estate Tax Exemption Raised to $15 Million Under the Big Beautiful Tax Bill: What It Means for Your Estate Plan
The newly enacted “Big Beautiful Tax Bill” includes a wide range of updates to the tax code, but one of the most impactful—and underreported—changes is the significant increase in the federal estate tax exemption. Under the new law, the federal estate tax exemption rises to $15 million per person, or $30 million for married couples with proper planning.
Do You Pay More or Less Taxes When You Get Married?
In this article, we break down when couples may face a marriage penalty—and when they might receive a marriage bonus. You'll see side-by-side income examples, learn how the 2026 sunset of the Tax Cuts and Jobs Act could impact your future tax bill, and understand how marriage affects things like IRA eligibility, Social Security taxes, and student loan repayment plans.
