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Senate weighs unraveling House’s ‘big, beautiful’ deal on the SALT deduction
Senate Republicans plan to lower the SALT cap, which limits how much earners can deduct for state and local taxes.
Journal of Accountancy20h
AICPA publishes additional resources in push to preserve PTET SALT deduction
The passthrough entity tax/state and local tax deduction remains a priority for the AICPA. The budget bill now being ...
House SALT Deal Will Have to Change, Senate Leader Thune Says
Senate Majority Leader John Thune believes the deal that led the US House to increase the maximum deduction for state and ...
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, ...
New York Republicans scramble to take credit for SALT deduction
Several New York House Republicans are taking rapid credit for a $40,000 SALT cap passed in the budget bill early on Thursday ...
Return Of Country Club Dues Deduction Is More Defensible Than SALT
No one is calling for a return of the country club dues tax deduction, but even conservatives say that’s more defensible than ...
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 ...
MiBolsilloColombia on MSN4dOpinion
The new SALT deduction: Relief for rich in blue states, pressure for the rest
The recent expansion of the SALT deduction highlights how fiscal policies can cater to specific interests, creating uneven ...