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Senate Republicans plan to lower the SALT cap, which limits how much earners can deduct for state and local taxes.
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Explícame on MSNProposed House legislation aims to end SALT workaround, hitting professional deductionsThe House passed the 'One Big Beautiful Bill Act' to end the SALT workaround, make Trump’s 2017 tax cuts permanent, and ...
Speaker Johnson is now staring down Senate tax writers who are doubling down on threats to scale back his carefully ...
The passthrough entity tax/state and local tax deduction remains a priority for the AICPA. The budget bill now being ...
Senate Majority Leader John Thune believes the deal that led the US House to increase the maximum deduction for state and ...
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, ...
Several New York House Republicans are taking rapid credit for a $40,000 SALT cap passed in the budget bill early on Thursday ...
No one is calling for a return of the country club dues tax deduction, but even conservatives say that’s more defensible than ...
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