The House-approved tax bill could end the popular ‘SALT’ deduction workaround for certain pass-through businesses. Here’s ...

Senate Majority Leader John Thune believes the deal that led the US House to increase the maximum deduction for state and ...

Baked into House Republicans’ sweeping tax package is an increase to the federal deduction for state and local taxes, a ...

Moderate House Republicans from high-tax blue states are warning senators that they will not give the “big, beautiful bill” a final stamp of approval if they change their proposal for the state ...

As the Senate considers next steps for the House-passed “big, beautiful” tax bill, the battle lines have been drawn for a ...

The passthrough entity tax/state and local tax deduction remains a priority for the AICPA. The budget bill now being ...

The ‘One Big Beautiful Bill Act’ proposes changes to the SALT deduction and could end key business workarounds, sparking ...

The deal that led to an increase of the maximum deduction for state and local taxes to $40,000 in the US House will have to ...

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 ...

House Republicans passed President Donald Trump’s “one big, beautiful bill” on May 22. This meaty budget reconciliation bill ...