SALT Deduction Cap Update

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SALT DEDUCTION, State and Local Tax

Here are the changes to the SALT tax deduction in the 'big, beautiful bill'

The increase under consideration by the Republican-controlled Congress and White House would see the cap cranked up to $40,000 beginning in 2025 for both single and married filers making up to $500,0...

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House Republican tax bill passes 'SALT' deduction cap of $40,000. Here's who would benefit.

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What is the SALT deduction, and what's happening with this tax break?

Donald Trump’s budget plan is bad for government debt and not that good for economic growth

The One Big Beautiful Bill promises to maintain the tax cuts from the US president’s first term, implement new ones and expand spending on defence and border security.

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Dear Senators, Pass One Big Beautiful Bill

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Eight provisions in the ‘big, beautiful bill’ the Senate may change

Here's how AZ could benefit from $12B in border reimbursements in 'Big Beautiful Bill'

Arizona could be reimbursed for money the state spent on border security during the Biden administration under a Republican-backed spending bill that just passed the U.S. House.

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Republicans seek to cement Trump’s immigration legacy in sweeping bill

Axios · 1d

5 parts of Trump's budget bill that risk being axed by Senate rules

Money Talks News on MSN2h

Republicans Eye $30,000 SALT Cap in Tax Package Negotiations

House Republicans are considering raising the SALT deduction cap to $30,000 as part of Trump's tax package. Speaker Mike Johnson acknowledges ongoing discussions while representatives from high-tax states push for significant increases.

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Here's who could benefit from the proposed $40,000 SALT deduction cap

The budget bill passed by the House includes a provision to quadruple the state and local tax deduction, a boon for some homeowners.

Next test for higher SALT cap: Republican resistance in the Senate

Senate Majority Leader John Thune has argued that the ability to write off state and local taxes only benefits homeowners in high-tax states.

Journal Star on MSN8d

SALT deduction cap increased to $40,000 in new deal reached by Republicans. What to know

Republican lawmakers reached a deal today to raise the cap for the state and local tax deduction, known as the SALT deduction. Find out more.

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The House Passes a Tax Bill Containing a SALT Cap Compromise That Is Slightly Better Than Its Prior Proposal

As reported on May 16, 2025, the SALT cap proposal contained in the legislation that was pending in the U.S. House of Representatives (“House”)

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Who benefits most from the state and local tax deduction and why raising the cap is contentious

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House Republicans’ passing “one big,

Republicans weigh a $40K cap on SALT deduction, which would help NJ homeowners

The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000