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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.
President Donald Trump’s "big beautiful bill" raises the SALT deduction cap to $40,000. Here's who will benefit.
Senate Republicans passed changes to the federal deduction for state and local taxes, known as SALT. Here's how the SALT ...
Congress passed a giant tax bill that includes the Senate's SALT changes that allow rich Americans in high-tax states to save ...
The SALT deduction, which is an alternative to the standard deduction provided to US taxpayers, has been extended from ...
Different provisions of the GOP tax and spending bill will kick in over the next year or so. Many are set to expire just ...
Senate Republicans’ tax bill raises the "SALT" deduction cap to $40,000. Here's who could benefit from the change.
The current $40,000 SALT cap that was brokered appears likely to stay as any changes would undoubtedly cost votes from the ...
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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