News

MiBolsilloColombia on MSN12d
SALT deduction changes explained: Who really benefits from the $40,000 cap?
A proposed $40,000 cap on the SALT deduction reignites debate over who benefits most, especially in high-tax states.
Senators must hold down the SALT cap
As the Senate considers next steps for the House-passed “big, beautiful” tax bill, the battle lines have been drawn for a ...
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 ...
What is the SALT deduction, and what's happening with this tax break?
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, ...
Senate says SALT isn’t settled
Speaker Johnson is now staring down Senate tax writers who are doubling down on threats to scale back his carefully ...
FingerLakes1.com12d
Congress raises SALT deduction cap to $40K for high-tax states
Taxpayers in states like New York could save more under the new $40,000 SALT deduction cap. Here's how it would work.
Explícame on MSN5d
What is the 'SALT Caucus' and why did it claim victory with the SALT deduction increase?
In the midst of negotiations for the 'One Big Beautiful Bill Act,' a group of Republicans known as the 'SALT caucus' emerged ...