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Baked into House Republicans’ sweeping tax package is an increase to the federal deduction for state and local taxes, a ...
The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000 ...
Republicans in the House of Representatives have reached a deal to raise the cap on the federal deduction for state and local ...
Republican lawmakers reached a deal today to raise the cap for the state and local tax deduction, known as the SALT deduction ...
House Republicans passed a bill to raise the ‘SALT’ deduction cap to $40,000. Here’s who would benefit from the change.
Taxpayers in states like New York could save more under the new $40,000 SALT deduction cap. Here's how it would work.
The budget bill passed by Congress raises the SALT deduction cap from $10,000 to $40,000, affecting taxes in New York.SALT ...
President Trump shifted his stance on the state and local tax (SALT) deduction cap, a policy he implemented during his first ...
With the new $40,000 salt cap, they could deduct all $40,000 in state and local taxes. This gives them an additional $10,000 in deductions compared to the standard deduction, saving them about ...
Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...
The tax landscape for millions of Americans is about to undergo a significant shift with proposed changes to the state and ...