Americans get 'Big Beautiful Bill' tax cuts
The key tax changes under the One Big Beautiful Act include SALT and Social Security income tax deductions.
President Donald Trump has signed into legislation the One, Big Good-attempting Act (OBBA), and for taxpayers in excessive-tax states like California and New York, it'll provide long-awaited reduction — a minimal of for a pair of years.
The legislation rapid raises the cap on the federal deduction for inform and native taxes — is named the SALT deduction — from $10,000 to $40,000 starting put in 2026.
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