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.

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

In the classic Schoolhouse Rock song “I’m Just a Bill,” the bill laments the prospect of waiting with other bills, hoping to become a law. But President Donald Trump’s “Big Beautiful Bill” didn’t have to wait—it sped through Congress in recent days and landed on his desk in time for him to sign it into law by his July 4 deadline.

The 'One Big Beautiful Bill Act' under President Trump reshapes economic policies, offering tax relief to homeowners while tightening welfare programs. This legislation highlights a shift in fiscal benefits,

Republicans are set to press ahead with test of support for tax and spending megabill.