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Highlights of the bill include a bigger SALT deduction, cuts to Medicaid, and tax breaks on tipped wages. Here’s how it may ...
Baked into House Republicans’ sweeping tax package is an increase to the federal deduction for state and local taxes, a ...
House Republicans’ “big, beautiful bill” could bring hundreds of billions of dollars in tax cuts to wealthy business owners.
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 ...
The state and local tax deduction is up for consideration again on Capitol Hill. What does it mean for you and your property taxes?
The SALT deduction cap should be $0. People should not be able to deduct their state and local tax burdens from their federal ...
As reported on May 16, 2025, the SALT cap proposal contained in the legislation that was pending in the U.S. House of ...
The bill now faces a difficult test of making it through a Republican-controlled Senate with different preferences and ...
SALT is a tax break that allows taxpayers to deduct part or all of what they paid in state and local taxes from their federal ...
House lawmakers debated the contours of President Donald Trump’s tax cuts throughout the night as they race to meet a ...
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President Donald Trump’s “One Big Beautiful Bill Act,” which narrowly passed through the House of Representatives early ...