As 2025 winds down I thought that it would be a good time to remind everyone of the need to make their local estimated tax payments by the Jan. 15 deadline and to try and explain this complex portion ...
President Donald Trump's "big beautiful bill" raised the state and local tax deduction, known as SALT, to $40,000 for 2025. Taxpayers who itemize tax breaks can claim the SALT deduction, which ...