The 'One Big Beautiful Bill Act' aims to increase the SALT deduction cap from $10,000 to $40,000, promising relief for ...

By increasing the State and Local Taxes (SALT) deduction cap from $10,000 to $40,000, the bill seeks to provide taxpayers ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers.

The tax bill passed by the House of Representatives on May 22, called the “One Big Beautiful Bill Act,” has more than 1,000 ...

Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the ...

Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...

Some congressional lawmakers are trying to lift Trump-era caps on state and local tax deductions as part of the new ...

Breaking that out more, 20% of taxpayers in California’s 40th Congressional District — represented by Kim, it covers eastern ...

As the big, beautiful tax bill winds its way through Congress, Wisconsin construction companies are watching for tax ...

The version passed by the House increases that deduction limit to $40,000. The increase was a big point of contention for ...

Capping the SALT deduction at $30,000 and phasing it out for higher incomes would cost $916 billion. Lawmakers in the ultra-conservative House Freedom Caucus are already alarmed at the impact of ...

Young Kim answers questions about Congress’ role as a check on executive branch, tax policy Porter-backed bill seeks to restore SALT deductions capped under 2017 tax act Rather, it’s a limit ...