New $40,000 Tax Break Could Benefit Millions of Homeowners
A new law increases the state and local tax (SALT) deduction to $40,000 for 2025, offering major tax savings for millions of homeowners.
#Tax Deduction#Personal Finance#SALT Deduction
#Tax Deduction
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Tip Tax Deduction: Limited Impact for California Workers
A new federal tax deduction for tipped workers, a Donald Trump campaign promise, offers limited benefits for many California workers. Experts cite income disparities, tax complexities, and potential e
#Tax Deduction#Tipped Workers#California Economy
Treasury Details Rules for New $25,000 Tip Tax Deduction
The U.S. Treasury has proposed new rules for a federal tax deduction allowing workers to deduct up to $25,000 in tip income annually from 2025 to 2028.
#US Tax Policy#IRS#Tax Deduction