Wealthy taxpayers could get a break if Congress and Trump agree to raise the limit on federal deductions based on your local ...

Senators Kirsten Gillibrand and Charles Schumer introduced legislation today to permanently remove the cap on the state and local tax (SALT) deduction.

Workers in their early 60s can contribute nearly $35,000 to a 401(k) in 2025. It raises new tax questions, though.

Under the current rules, everyone can make tax-deductible contributions up to a limit each year. This limit has recently increased to $30,000 and includes any funds contributed to your super fund by ...