News

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, ...
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 ...
JD Supra6d
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 ...
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How SALT deductions could impact Illinois
SALT currently lets people deduct $10,000 from their taxes if they itemize when they file. The version passed by the House ...
CBS News3d
Some homeowners could get a fat deduction under the new GOP tax bill. Here's what to know.
The SALT deduction cap was introduced by Mr. Trump ... a University of Pennsylvania nonpartisan group that analyzes the fiscal impact of policy. That adds to the cost of a bill that has been ...
How California’s wealthiest people benefit most from the Republicans’ tax cut
California Republicans were pleased that lower- and middle-income residents will be able to deduct more of their state and ...
Mansion Global3d
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 ...
JournalofAccountancy4d
Why the PTET SALT deduction is the AICPA’s ‘No. 1 priority’
We have a call to action on the passthrough entity SALT deduction because it has a huge impact to our members and, of course, their clients, too. Then with regards to the IRS, that is something ...
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SNAP, Medicaid cuts hit NY in new federal budget
A newly passed federal budget bill could cut billions from SNAP and Medicaid in New York while raising the SALT deduction cap ...