Tax and financial planning news from around the web: August 18 – 22, 2025

Written on Aug 22, 2025

July 2025 monthly sales and use tax returns are due Aug. 25, 2025. Returns must be filed for each period the account is active. Taxpayers have two options for filing: File online at tax.ohio.gov/OHTAX or call 800.697.0440 to use TeleFile for county vendor's licenses (numbers starting with 01-88). 

For the next few years, the new One Big Beautiful Bill Act lifts the cap on annual SALT deductions from $10,000 to $40,000, paving the way for more itemizers to claim this write-off.