News

Soy Aire on MSN20h
Exploring the impact of the 'One Big Beautiful Bill Act' on SALT deductions
The 'One Big Beautiful Bill Act' aims to increase the SALT deduction cap from $10,000 to $40,000, promising relief for ...
MiBolsilloColombia on MSN22h
GOP's SALT deduction quadruples current limit, but not everyone benefits
The GOP-backed 'One Big Beautiful Bill Act' proposes a significant increase in the SALT deduction limit, aiming to appease ...
The Daily Reporter9m
Tax Reform and Construction: How the “Big Beautiful Bill” Could Impact the Industry
As the big, beautiful tax bill winds its way through Congress, Wisconsin construction companies are watching for tax ...
JD Supra8d
The State and Local Tax Deduction Is in Peril – The Cavalry Does Not Appear to Be on Its Way to Rescue It
Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...
KWQC on MSN4d
How change in tax deductions could impact Illinois
The version passed by the House increases that deduction limit to $40,000. The increase was a big point of contention for ...
Californians could get bigger state, local tax deductions. Why that matters
Some congressional lawmakers are trying to lift Trump-era caps on state and local tax deductions as part of the new ...
JournalofAccountancy6d
Why the PTET SALT deduction is the AICPA’s ‘No. 1 priority’
We have a call to action on the passthrough entity SALT deduction because it has a huge impact to our members and, of course, their clients, too. Then with regards to the IRS, that is something ...
FingerLakes1.com2d
SNAP, Medicaid cuts hit NY in new federal budget
A newly passed federal budget bill could cut billions from SNAP and Medicaid in New York while raising the SALT deduction cap ...
How California’s wealthiest people benefit most from the Republicans’ tax cut
California Republicans were pleased that lower- and middle-income residents will be able to deduct more of their state and ...