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News

Trump, big beautiful bill and SALT

NBC News on MSN · 4d
Trump's 'big beautiful bill' could deliver 45.5% 'SALT torpedo' for high earners, tax pro says
President Donald Trump ’s ‘big beautiful bill’ delivers a temporary higher limit on the federal deduction for state and local taxes, known as SALT. But the phaseout, or income-based benefit reduction, could trigger a tax surprise for some higher earners, experts say.
Newsweek · 28d
What New 'Big Beautiful Bill' Proposals Mean for Medicaid, SALT
Proposed changes have reportedly angered some House Representatives, and differing views on the legislation could make passing Trump's bill difficult.
USA TODAY · 12d
Washington: Who voted for, against Trump's 'Big Beautiful Bill'? Read a bill summary
The U.S. House passed the "One Big, Beautiful Bill" largely along party lines. Here's how Washington state's representatives voted.
1d
The new $40,000 cap on SALT deductions in Trump’s big bill aids homeowners most in these cities
The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from ...
4d
How the ‘Senior Deduction’ in the Big, Beautiful Bill Could Help Retirees Keep Their Homes
A new $6,000 tax break for Americans aged 65-plus could offer relief, but some may see little benefit. Here’s who will ...

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