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Nvidia adapts to US export curbs by developing a cheaper AI chip for China while expanding its global AI influence with a new venture in Sweden.

Huge SALT tax deduction changes could save most Americans big money

TheStreetSaturday, May 24, 2025 at 3:47:00 PM
Huge SALT tax deduction changes could save most Americans big money
If you're one of the millions of Americans who itemize deductions, listen up—Congress might be giving you a break. Proposed changes to the SALT (State and Local Tax) deduction cap could mean significantly lower tax bills for many households, especially in high-tax states. While the details are still being ironed out, this could put thousands back in people's pockets come tax season.
Editor’s Note: Taxes are nobody’s favorite topic, but this could be a rare bit of good news. The SALT deduction has been a sore spot since its cap was introduced in 2017, hitting homeowners in places like New York and California especially hard. If this change goes through, it won’t just ease financial pressure—it might also shift where people choose to live and work. Worth keeping an eye on.
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