News

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 ...
Republicans’ deal on SALT deduction has changed again. How would it impact you?
Republican lawmakers in the House appeared to have reached a new agreement late Tuesday on the state and local tax deduction, ...
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.
Committee for a Responsible Federal Budget23h
Further SALT Cap Relief Only Benefits High Earners
Raising the current $10,000 cap on the State and Local Tax (SALT) deduction would primarily benefit high earners ...
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 ...
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, ...
How Trump’s big bill could affect your taxes
President Trump’s bill to cut taxes and spending centers on an extension of his previous round of tax cuts, which Republicans ...
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 ...
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 ...
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.
Los Angeles Daily News5d
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.” ...