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Senate weighs unraveling House’s ‘big, beautiful’ deal on the SALT deduction
One of the most controversial tax provisions in President Donald Trump’s “big, beautiful bill” could soon be retooled in the ...
MiBolsilloColombia on MSN6h
Trump's new tax law could eliminate SALT workaround and affect business expenses
The ‘One Big Beautiful Bill Act’ proposes changes to the SALT deduction and could end key business workarounds, sparking ...
JD Supra7d
The House Passes a Tax Bill Containing a SALT Cap Compromise That Is Slightly Better Than Its Prior Proposal
As reported on May 16, 2025, the SALT cap proposal contained in the legislation that was pending in the U.S. House of ...
The ‘One Big, Beautiful Bill’ urgently needs a makeover to usher in Trump’s Golden Age
Congress faces pressure to refine tax policy by eliminating ineffective deductions and securing permanent tax cuts to help ...
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 ...
JD Supra1d
Proposed Federal Tax Legislation Would Effect Three Key Changes to State and Local Tax Deductibility Limits
On May 22, the House of Representatives passed proposed tax legislation titled, “The One, Big, Beautiful Bill” (TOBBB), which will now be debated ...
Next test for higher SALT cap: Republican resistance in the Senate
Senate Majority Leader John Thune has argued that the ability to write off state and local taxes only benefits homeowners in ...
Elon Musk Uses ‘Kill Bill’ Meme To Urge Lawmakers To Reject Donald Trump’s “Big Beautiful Bill”
Despite efforts by House Speaker Mike Johnson to alleviate Musk’s concerns over the One Big Beautiful Bill Act, Musk ...
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Mike Lawler backs House bill that quadruples state and local tax deductions to $40,000
Rep. Mike Lawler backed legislation that would quadruple the SALT deduction on federal taxes from $10,000 to $40,000.
NY Republicans eke out SALT deal in federal spending bill
U.S. Rep. Elise Stefanik said she was the “deciding vote” on a megabill that quadrupled the maximum state and local tax ...
Explícame on MSN3h
Proposed House legislation aims to end SALT workaround, hitting professional deductions
The House passed the 'One Big Beautiful Bill Act' to end the SALT workaround, make Trump’s 2017 tax cuts permanent, and ...