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Senate Republicans’ tax bill raises the "SALT" deduction cap to $40,000. Here's who could benefit from the change.
Congress passed a giant tax bill that includes the Senate's SALT changes that allow rich Americans in high-tax states to save ...
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, avoiding SSTB carve-outs and ensuring ...
Moderate House Republicans from high-tax blue states and the Trump administration are zeroing in on an agreement for the ...
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Soy Nómada on MSN$4,000 SALT deduction approved in the Senate, but not everyone will benefitThe Senate has approved a significant change to the State and Local Tax (SALT) deduction, raising the limit to $40,000.
The new GOP tax law quadruples how much people can deduct in state and local taxes off their federal returns, offering ...
An AICPA statement after the bill was issued by the Senate Budget Committee lauded lawmakers for “diligent work to reject new ...
Republicans are set to meet behind closed doors Saturday afternoon to test support.
We estimate the Senate’s direct SALT relief is roughly 10 percent larger than the House, and the combined SALT relief and Alternative Minimum Tax (AMT) changes are two-thirds larger.1 If made ...
President Donald Trump’s “big beautiful bill” raises the SALT deduction cap to $40,000. Here’s who will benefit.
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