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Latest version of Trump’s ‘big, beautiful bill’ raises SALT deduction cap to $40,000: What it means for you
Senate Republicans passed changes to the federal deduction for state and local taxes, known as SALT. Here's how the SALT ...
Final Tax Reform Bill Preserves SALT And PTET Deductions For Traders And Professionals
Final tax reform bill preserves SALT and PTET deductions for traders and professionals, avoiding SSTB carve-outs and ensuring ...
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New tax bill lifts SALT cap to $40,000; Here's who gains
The proposed ‘One Big Beautiful Bill Act’ would raise the SALT deduction cap to $40,000, benefiting wealthier taxpayers in ...
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One Big Beautiful Bill Locks in Tax Cuts, Tweaks SALT and Adds New Deductions
The One Big Beautiful Bill (OBBB) cements many individual tax provisions from the 2017 Tax Cuts and Jobs Act (TCJA) including ...
SALT caucus likely to keep gains despite leaving sour taste in Freedom Caucus mouths
The current $40,000 SALT cap that was brokered appears likely to stay as any changes would undoubtedly cost votes from the ...
SALT deduction will do 'nothing for 90% of US taxpayers,' economists say
The SALT deduction cap is proving to be a major sticking point between House and Senate Republicans. Experts say expanding ...
Leaders of Boston firefighters union back Trump’s ‘big beautiful bill’ in video posted by the White House
President Trump's plan on the SALT reduction will provide immediate assistance and relief to our members," the union ...
How much can I deduct for my local taxes? Congress just decided
A popular tax break used in high-tax states like New Jersey would be capped under a deal reached over the weekend by ...