U.S. President Donald Trump gestures before boarding Air Force One as he returns to Washington, D.C., in Lossiemouth, Scotland, Britain, July 29, 2025. Evelyn Hockstein | Reuters President Donald Trump‘s ‘big beautiful bill’ added a temporary $40,000 limit on the federal deduction for state and local taxes, known as SALT. But the phaseout, or income-based benefit reduction, creates what some …
Read More »Even Top Earners Are Falling Behind on Credit Card and Car Payments Bloomberg.com ‘It’s extremely unfortunate’: New data shows more car owners are underwater on auto loans WWMT New Car Buyers Are Getting Trapped in This Scary Financial Situation autoblog.com The Car Bubble Bites Back As More Than 25 Percent Of Trade-Ins Are Reportedly Underwater The Autopian Underwater car loans hit their highest level …
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ALBANY — Taxes should go down for the average Long Islander under the new federal megabill, tax analysts told Newsday, with the biggest benefits going to people with high incomes and large mortgages. The sweeping bill that President Donald Trump signed into law on July 4 extends and builds on a number of changes put in place during his first term under …
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