SALT Deduction Cap Updates - Search News

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SALT, a deduction and House Republican

CBS News on MSN · 3d

Here's who could benefit from the proposed $40,000 SALT deduction cap

The budget bill passed by the House includes a provision to quadruple the state and local tax deduction, a boon for some homeowners.

NBC News on MSN · 3d

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.

USA TODAY · 4d

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

1d

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 ...

13don MSN

House tax writers eye SALT deduction cap rejected by key lawmakers last week

The House Ways and Means Committee is eyeing a plan to increase the state and local tax (SALT) deduction cap by $30,000 for ...

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