The One Big Beautiful Bill Act is temporarily quadrupling 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 write-off, which is popularly referred to as the SALT deduction.

A new $6,000 tax break for Americans aged 65-plus could offer relief, but some may see little benefit. Here’s who will benefit the most.

Proposed changes have reportedly angered some House Representatives, and differing views on the legislation could make passing Trump's bill difficult.

WSJ subscribers asked about what the bill means for SALT, electric vehicles, estate taxes, Social Security, Medicare and more.

“The New York State Conservative Party applauds President Trump and Republicans in Congress for passing bold legislation that will root out billions of dollars in federal waste and provide tax relief to millions of Americans, including social security recipients whose buying power was devoured by President Biden’s rapacious inflationary policies.