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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 permanent lower income tax rates and a doubled standard deduction. The bill passed on July 3 and is expected to be signed by President Donald Trump by July 4.
Senate Republicans passed changes to the federal deduction for state and local taxes, known as SALT. Here's how the SALT ...
President Donald Trump’s "big beautiful bill" raises the SALT deduction cap to $40,000. Here's who will benefit.
Congress passed a giant tax bill that includes the Senate's SALT changes that allow rich Americans in high-tax states to save ...
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The megabill that awaits final passage in the U.S. House will have far-reaching impacts on the wallets of Long Islanders and ...
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.
The current $40,000 SALT cap that was brokered appears likely to stay as any changes would undoubtedly cost votes from the ...
The SALT deduction cap is proving to be a major sticking point between House and Senate Republicans. Experts say expanding ...
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.
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