News

Major SALT Deduction Cap Boost Passes Senate. Here's Who Would Benefit
This move marks a reversal in policy on SALT deductions, one of the most contentious features of the 2017 Tax Cuts and Jobs Act.
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 ...
Journal of Accountancy4d
Senate budget bill would preserve PTET SALT deduction
An AICPA statement after the bill was issued by the Senate Budget Committee lauded lawmakers for “diligent work to reject new ...
Higher SALT cap deal struck by NY Republicans expected to stick
It was a key sticking point among Republicans in the House when the spending bill was under discussion this spring.
Big Beautiful Bill tax changes by income bracket: Who wins and who loses?
The so-called "Big, Beautiful Bill", formally known as the One Big Beautiful Bill Act, has generated political fireworks.
Trump Speeds Up Tax Bill Deadline as Tentative SALT Deal Reached
President Donald Trump amped up pressure on Congress to speed passage of his tax-cut bill as Republicans reached a tentative ...
USA Today2d
Senate flips, decides to give rich Americans more SALT in tax bill - USA TODAY
Senate make a 180-turn, raising the SALT cap and reviving a loophole that allow rich Americans in high-tax states save money, experts say.
Senate Republican tax bill passes 'SALT' deduction cap of $40,000. Here's who would benefit.
The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually ...
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 ...