News

Trump’s 'one big beautiful' bill passes ‘SALT’ deduction limit of $40,000. Here’s who benefits
President Donald Trump’s "one big beautiful" bill raises the "SALT" deduction cap to $40,000. Here's who will benefit.
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 ...
National Law Review1h
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 ...
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 ...
Senate reverses course and makes SALT plentiful again in tax bill. Why this matters.
Senate make a 180-turn, raising the SALT cap and reviving a loophole that allow rich Americans in high-tax states save money, ...
4 ways Trump's 'Big Beautiful Bill' could impact your wallet
The "Big Beautiful Bill" is set to become law. Here's what it means for taxes, Medicaid, student loan forgiveness, and more.
24/7 Wall St.1h
These Seniors Are Left Out of The Big Beautiful Bill's Big Tax Break
When President Trump was running for office, one of the things he pledged to do was eliminate taxes on Social Security. There ...
Live updates: House passes Trump's mega bill, securing a big win for the GOP agenda
President Trump is scheduled to sign the bill into law at 5 p.m. on July 4 at the White House, locking in tax reductions and Medicaid cuts.
Rep. Malliotakis: Staten Islanders will benefit from SALT deduction increase in Trump’s tax bill
I’m happy that for the next five years, Staten Island residents are going to benefit greatly," Malliotakis said.
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 ...