News

Journal of Accountancy4h
53 CPA societies back AICPA in PTET SALT deduction effort
A letter from the AICPA and CPA societies in 53 states and jurisdictions criticizes the provision in the House version of the ...
The fight over a SALT tax cap deal that would help Californians hits a snag
The high-tax states aren’t represented by Republicans in the Senate, and the bill is predicted to be extremely costly.
House Republicans warn Senate not to touch SALT deal
Moderate House Republicans from high-tax blue states are warning senators that they will not give the “big, beautiful bill” a final stamp of approval if the Senate changes their proposal for the ...
Journal of Accountancy2d
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 Says
Senate Majority Leader John Thune believes the deal that led the US House to increase the maximum deduction for state and ...
Who would benefit from the proposed $40,000 SALT cap? How this deduction works
The House just made a move that could shake up tax season for a lot of Americans-especially those in high-tax states. Lawmakers voted to raise the cap on the SALT deduction (short ...