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News

SALT, Tax cut

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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 over $500,000.

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 · 2d · on MSN
 · 20h
Lawmakers Near SALT Cap Deal That Could Offer Major Relief to Homeowners in High-Tax States
 · 2d · on MSN
How a New $40,000 SALT Cap Would Affect Your Tax Bill
13h
Next test for higher SALT cap: Republican resistance in the Senate
Senate Majority Leader John Thune has argued that the ability to write off state and local taxes only benefits homeowners in ...
3d
Republicans weigh a $40K cap on SALT deduction, which would help NJ homeowners
The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000 ...
3don MSN
Lawmakers Close In on Higher SALT Cap
Republican leaders approach a long-sought agreement with lawmakers from high-tax states.

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