SALT Deduction Cap Update - Search News

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CBS News on MSN · 3d

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.

NBC News on MSN · 3d

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

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 over $500,000.

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.

1d

Lawmakers Near SALT Cap Deal That Could Offer Major Relief to Homeowners in High-Tax States

Lawmakers are close to a deal that would raise the SALT cap to $40,000—offering potential tax relief for homeowners in ...

13don MSN

House tax writers eye SALT deduction cap rejected by key lawmakers last week

The House Ways and Means Committee is eyeing a plan to increase the state and local tax (SALT) deduction cap by $30,000 for ...

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