SALT Deduction Updates

News

SALT, Trump and tax

Senate seeks to rein in SALT deduction. Here’s why it could sink Trump’s tax bill.

Two weeks after President Donald Trump’s sweeping tax bill passed the House with razor-thin margins, the Senate has begun to tinker with the legislation’s architecture. Some are now warning that changes in that chamber could cause the edifice to collapse.

CNBC on MSN · 4d

Trump's tax bill could end popular 'SALT' deduction workaround for certain business owners

The House-approved tax bill could end the popular 'SALT' deduction workaround for certain pass-through businesses. Here's what to know.

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.

The fight over a SALT tax cap deal that would help Californians hits a snag

The high-tax states aren’t represented by Republicans in the Senate, and the bill is predicted to be extremely costly.

Journal of Accountancy2d

53 CPA societies back AICPA in PTET SALT deduction effort

A letter from the AICPA and CPA societies in 53 states and jurisdictions criticizes the provision in the House version of the ...

6dOpinion

Return Of Country Club Dues Deduction Is More Defensible Than SALT

No one is calling for a return of the country club dues tax deduction, but even conservatives say that’s more defensible than ...

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 ...

4dOpinion

Senators must hold down the SALT cap

As the Senate considers next steps for the House-passed “big, beautiful” tax bill, the battle lines have been drawn for a ...

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