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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 ...
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 ...
JournalofAccountancy8mon
Tax planning for the SALT cap
The PTET column of the table “State Workarounds to the SALT Cap” provides a summary of AICPA data ... At the current rate of change, you can’t afford to have out-of-date knowledge of this ...
New York Post1mon
NY, NJ homeowners facing major SALT deduction changes as blue state GOPers duke it over new cap
WASHINGTON — Republican lawmakers from Democratic states are locked in tense closed-door talks over state and local tax (SALT) deductions — seeking an annual cap of between $30,000 and $ ...
The Seven Ugliest Provisions in Trump’s ‘Big Beautiful Bill’
Weakened courts, happy heirs, and work requirements. The House-passed version of Donald Trump's tax plan takes from poor, ...
National Review1mon
The Tax Code Should Not Be a Game of Hide-and-Seek
As it turns out, lawmakers do too — particularly when it comes to our tax ... use for SALT deductions under prior law are actually better off with the $10,000 cap and the other TCJA changes.