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Baked into House Republicans’ sweeping tax package is an increase to the federal deduction for state and local taxes, a ...
Lawmakers are close to a deal that would raise the SALT cap to $40,000—offering potential tax relief for homeowners in ...
Senate Majority Leader John Thune has argued that the ability to write off state and local taxes only benefits homeowners in ...
18h
Money Talks News on MSNRepublicans Eye $30,000 SALT Cap in Tax Package NegotiationsHouse Republicans are considering raising the SALT deduction cap to $30,000 as part of Trump's tax package. Speaker Mike ...
9don MSNOpinion
The SALT deduction cap should be $0. People should not be able to deduct their state and local tax burdens from their federal ...
7don MSNOpinion
Federal taxpayers in fiscally responsible states were subsidizing the excesses of states that refused to rein in their own ...
Republicans’ tax-and-spending cut package faces a number of hurdles in its path to President Trump’s desk, but the state and ...
The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000 ...
It looks like a tentative deal has been brokered on Capitol Hill to provide a new SALT cap, increasing the state and local ...
5h
NerdWallet on MSNTax Deductions Might Go Up. Would You Benefit?House Republicans passed President Donald Trump’s “one big, beautiful bill” on May 22. This meaty budget reconciliation bill ...
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 ...
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