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Proposed House legislation aims to end SALT workaround, hitting professional deductions
The House passed the 'One Big Beautiful Bill Act' to end the SALT workaround, make Trump’s 2017 tax cuts permanent, and ...
Senators must hold down the SALT cap
As the Senate considers next steps for the House-passed “big, beautiful” tax bill, the battle lines have been drawn for a ...
Some homeowners could get a fat deduction under the new GOP tax bill. Here's what to know.
The budget bill passed by the House includes a provision to quadruple the state and local tax deduction, a boon for some ...
Return Of Country Club Dues Deduction Is More Defensible Than SALT
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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Tax Deductions Might Go Up. Would You Benefit?
House Republicans passed President Donald Trump’s “one big, beautiful bill” on May 22. This meaty budget reconciliation bill ...
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A $40,000 SALT Cap Would Be a Boon to Homeowners Living in the U.S.’s Priciest Cities
SALT allows taxpayers to deduct state and local taxes, including property tax, from their federal tax bill if they itemize ...
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 ...
House Republican tax bill passes 'SALT' deduction cap of $40,000. Here's who would benefit.
If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...