SALT Deduction Cap Changes

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SALT, property tax

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.

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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.

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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, property tax, or sales tax, when you file your federal taxes.

Journal of Accountancy3d

House passes budget reconciliation bill with changes to tax provisions

Early Thursday morning, the House of Representatives passed the One Big Beautiful Bill Act by one vote. The bill had been ...

Senate plans changes to Trump bill

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story How ...

RCP's Wegmann Asks WH If Trump Will Support Senate Changing House GOP's SALT Deduction Agreement, No Answer

White House press secretary Karoline Leavitt declined to give an answer to RCP reporter Phil Wegmann's question about whether President Trump would support the Senate making changes to the agreement ...

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SALT, property tax

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