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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 ...
Trump, Senate GOP grapple with the House’s SALT math
Republican senators left the White House warning there's little interest in preserving the deal, which would cost votes ...
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AICPA publishes additional resources in push to preserve PTET SALT deduction
The passthrough entity tax/state and local tax deduction remains a priority for the AICPA. The budget bill now being ...
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 ...
House SALT Deal Will Have to Change, Senate Leader Thune Says
Senate Majority Leader John Thune believes the deal that led the US House to increase the maximum deduction for state and ...
House Republicans warn Senate not to touch SALT deal
Moderate House Republicans from high-tax blue states are warning senators that they will not give the “big, beautiful bill” a final stamp of approval if they change their proposal for the state ...
What is the SALT deduction, and what's happening with this tax break?
The State and Local Tax (SALT) deduction is a rule that helps people lower the amount of federal taxes they owe. It lets you deduct the state and local taxes you’ve already paid, like income tax, ...
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 ...
These are the key last-minute changes to Trump’s ‘big, beautiful bill’
House GOP leadership has agreed to a series of last-minute changes to its sweeping tax and spending package designed to win ...