January 2026

The state and local tax deduction just got its biggest shake-up in years. The SALT deduction cap jumps from $10,000 to $40,000 for tax years 2025 through 2029, thanks to the One Big Beautiful Bill Act signed in July 2025. That’s a significant change in how much you can deduct for state and local taxes […]

The One Big Beautiful Bill Act brought in a new deduction for car loan interest that really shakes up how folks might think about financing a car. Now, you can deduct up to $10,000 per year in interest paid on loans for new, made-in-America vehicles bought for personal use—if you take out the loan after