SALT Deduction Cap Proposals

News

Republicans reach deal on SALT deduction cap

Johnson offers $40,000 SALT deduction cap with income limits

House Speaker Mike Johnson offered GOP holdouts a detailed proposal on Monday to set the SALT deduction cap at $40,000 for anyone who makes less than $751,600 a year. Why it matters: But Johnson (R-La.

Syracuse.com · 3h

Republicans reach deal on SALT deduction cap: See how much it will rise

Republicans in the House of Representatives have reached a deal to raise the cap on the federal deduction for state and local taxes to $40,000, according to Politico.

Bloomberg Law News · 23h

Trump Pushes SALT Republicans to Abandon Further Cap Hike (2)

President Donald Trump on Tuesday pushed back on demands from Republicans who have threatened to sink his giant tax bill if the legislation does not significantly boost the state and local tax deduction,

MiBolsilloColombia on MSN52m

Comparative analysis: SALT deduction during Trump's first term vs. current proposal

The SALT deduction has been a contentious issue in U.S. tax policy, especially under President Trump's administration. As new ...

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 ...

1don MSN

Conservative rips blue state Republican's proposal to raise taxes on wealthy in SALT debate

Issues over tax relief for blue state Republicans are coming to a head as the GOP crafts President Trump's "big, beautiful ...

8don MSN

House tax writers eye SALT deduction cap rejected by key lawmakers last week

The House Ways and Means Committee is eyeing a plan to increase the state and local tax (SALT) deduction cap by $30,000 for ...

NorthJersey.com9d

House SALT proposal would raise cap on deduction to $30K, but some Republicans balk

The SALT deduction lets people reduce the amount ... but not repealing, the cap. The GOP proposal would cut taxes and extend President Donald Trump’s 2017 tax cuts due to expire this year.

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