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Moderate House Republicans from high-tax blue states are warning senators that they will not give the “big, beautiful bill” a ...
As the Senate considers next steps for the House-passed “big, beautiful” tax bill, the battle lines have been drawn for a ...
As reported on May 16, 2025, the SALT cap proposal contained in the legislation that was pending in the U.S. House of ...
The Republican lawmaker said a budget bill with a SALT deduction cap as low as $30,000 would not get her support.
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If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...
Journal Star on MSN14d
SALT deduction cap increased to $40,000 in new deal reached by Republicans. What to knowRepublican lawmakers reached a deal today to raise the cap for the state and local tax deduction, known as the SALT deduction. Find out more.
The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000 ...
A proposal to increase the cap from $10,000 to ... Most of the tax relief from lifting the SALT cap, for instance, would go to households earning between $200,000 and $500,000, said a February ...
The State and Local Tax (SALT) deduction is a rule that helps people lower the amount of federal taxes they owe. It lets you deduct the state and local taxes you’ve already paid, like income tax, ...
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Issues over tax relief for blue state Republicans are coming to a head as the GOP crafts President Trump's "big, beautiful ...
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