The One Big Beautiful Bill Act is temporarily raising the state and local tax deduction to at least $40,000, up from $10,000, for the next five years. Now it’s up to taxpayers to see if they can take advantage of this extra generous write-off, which is often referred to as the SALT deduction.

Experts and advocates warn that it could have dire consequences for Alabama’s tenuous rural healthcare situation.

Under the bill, the SALT cap temporarily increases to $40,000 per year, so long as your annual income does not exceed $500,000.

America First Policy Institute Chair of Education Opportunity Erika Donalds said because of President Donald Trump, as well as Education Secretary Linda McMahan, the new spending law benefits

Some of the bill’s changes go into effect later this year, while others won’t start until after the midterms in 2026.

Bettors can still deduct losses from wins within a single session of play. But the Internal Revenue Service ( irs) is unlikely to let punters treat a full year, or arguably even a week, as one session. In the meantime, some sports bettors are placing their hopes on a potential loophole presented by a disruptive new entrant to the industry.

Arizonans will see major changes to Medicaid, tax cuts and food stamps after Trump's Big Beautiful Bill passed. The Gaggle dives into the details.

A new R&D expense policy in the OBBB could increase free cash flow for software companies.