SALT Tax Changes Overview

News

SALT, Republicans and tax deduction

Here are the changes to the SALT tax deduction in the 'big, beautiful bill'

Baked into House Republicans’ sweeping tax package is an increase to the federal deduction for state and local taxes, a change that top earners will likely benefit the most from. Republicans in the lower chamber advanced their version of President Donald Trump’s "big,

USA TODAY on MSN · 3d

Senate Republicans plan to amend SALT tax deduction in Trump's sweeping bill

The tax deduction was crucial to getting the bill through the House. Senate action would set up a showdown with blue state Republicans.

NBC New York · 17d

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.

Opinion

The Heritage Foundation3dOpinion

SALT Subsidies Are Crowding Out Positive Tax Reforms in the One Big Beautiful Bill Act

The House of Representatives passed its version of the fiscal year (FY) 2025 budget reconciliation bill on May 22 by the narrow margin of 215 to 214, with one Member voting present. The bill, titled ...

Soy Nómada on MSN14d

Will SALT deductions change gradually over the years?

The U.S. House of Representatives has passed a new tax and spending bill that significantly alters the state and local tax ...

Chicago Tribune22d

Editorial: Republican tax bill is filled with illogicalities, craven giveaways

Few tax matters have as many enemies as the so-called SALT deduction ... even without those Trump-proposed tax changes becoming permanent. And this is a bill written by Republicans.

Results that may be inaccessible to you are currently showing.

Hide inaccessible results