SALT Deduction Proposals

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SALT, tax bill

SALT Deduction: What it was like before 2017 and now with Trump's proposal

The State and Local Tax (SALT) deduction has been a pivotal aspect of the U.S. tax system, especially impacting taxpayers in high-tax states. Significant changes have occurred since the 2017 tax reform,

SFGATE · 6d

These High Tax States Could Benefit the Most From Higher SALT Deduction

Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the country and a high-income tax rate layered on top, New York residents are disproportionately affected by the current $10,000 cap on state and local tax deductions.

NBC News on MSN · 2d

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.

4don MSN

Johnson, SALT Republicans zero in on critical agreement

Speaker Mike Johnson (R-La.) and moderate Republicans have zeroed in on an agreement for the state and local tax (SALT) ...

USA Today13d

House SALT proposal would raise cap on deduction to $30K, but some Republicans balk

A proposal to increase the cap from $10,000 ... in some New Jersey towns in 2024 was more than double the $10,000 SALT deduction limit, including Demarest at $24,736, Montclair at $21,631 and ...

6don MSN

Conservative rips blue state Republican's proposal to raise taxes on wealthy in SALT debate

Issues over tax relief for blue state Republicans are coming to a head as the GOP crafts President Trump's "big, beautiful ...

House Republican tax bill passes ‘SALT' deduction cap of $40,000. Here's who benefits

House Republicans passed a bill to raise the ‘SALT’ deduction cap to $40,000. Here’s who would benefit from the change.

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