SALT Tax Cap Updates - Search News

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SALT, Tax cut

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.

SFGATE · 23h

Lawmakers Near SALT Cap Deal That Could Offer Major Relief to Homeowners in High-Tax States

Lawmakers are close to a deal that would raise the SALT cap to $40,000—offering potential tax relief for homeowners in high-cost states.

The Wall Street Journal on MSN · 3d

How a New $40,000 SALT Cap Would Affect Your Tax Bill

The higher SALT cap would mean millions of mostly high-income taxpayers in high-tax states would save thousands of dollars off their taxes. The changes could go into effect for th

17h

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 ...

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 ...

4don MSN

Who benefits most from the state and local tax deduction and why raising the cap is contentious

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...

12don MSN

GOP tax writers would raise cap on SALT deductions to $30,000 but set income limit

Republicans on the House tax committee have proposed raising the state and local tax cap from $10,000, but nothing is set in ...

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