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Who benefits most from the state and local tax deduction and why raising the cap is contentious
Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do ...
What is the SALT cap, and how does it impact California taxpayers?
Breaking that out more, 20% of taxpayers in California’s 40th Congressional District — represented by Kim, it covers eastern ...
SALT Could Be a Sticking Point in the Republican Tax Bill. What the Deduction Is—and Why Lawmakers Want to Raise the Cap.
A bipartisan group of lawmakers wants to increase the state and local tax deduction cap but disagree on how high to push it.
These High Tax States Could Benefit the Most From Higher SALT Deduction
Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the ...
JD Supra2d
The State and Local Tax Deduction Is in Peril – The Cavalry Does Not Appear to Be on Its Way to Rescue It
Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or her state and local ...
House GOP tax bill calls for ‘SALT' deduction cap of $30,000 for most taxpayers. Here's who could benefit
The proposed House GOP tax bill raises ‘SALT’ deduction cap to $30,000 for most taxpayers. Here’s who would benefit the most, ...
Schumer says Trump flip-flopped on raising SALT cap
In a battle of New Yorker vs. New Yorker, Senate Democratic Leader Chuck Schumer (N.Y.), a resident of Brooklyn, accused ...
FingerLakes1.com5d
Will the SALT deduction cap be raised? What homeowners need to know
A new proposal could raise the SALT deduction cap from $10,000 to $30,000. Here’s how it may affect homeowners.
Californians could get bigger state, local tax deductions. Why that matters
Some congressional lawmakers are trying to lift Trump-era caps on state and local tax deductions as part of the new ...
Los Angeles Daily News4d
What is the SALT cap, and how does it impact California taxpayers?
Chu blamed Republicans for implementing the SALT cap in the first place “because they wanted to punish Californians by forcing us to pay the price tag for their huge tax cut for the rich.” ...