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As Senate Republicans release key details of President Donald Trump’s spending package, some provisions, including the federal deduction for state and local taxes, known as SALT, remain in limbo ...
A Republican-controlled Senate committee rolled back the SALT deduction cap to $10,000 in its first draft of Trump's budget bill, despite the $40,000 negotiated by a group of GOP House members.
With Congress considering changes to the SALT cap, Goldman Sachs’ analysis found that high-income earners are continuing to leave high-tax states and that the trend is expected to continue ev… ...
Senate Republicans met on Wednesday to discuss the $40,000 SALT cap, among other provisions, that was included in the House version of the reconciliation legislation.
Goldman Sachs analysis finds higher SALT deduction caps unlikely to prevent high-income households from moving from high-tax states to low-tax states amid rising interstate migration.
The biggest source of salty freshwater in D.C. and other major northern inland cities is an overapplication of road salt to thaw winter ice, which runs off into rivers or the ground.
The proposed increase to the federal state and local tax deduction cap would benefit high earners.
The bill, which the House passed early Thursday, would let some people deduct up to $40,000 on their federal returns for the money they pay in property taxes on their homes, and state income or ...
What’s happening in 2025 regarding SALT deductions? Right now, SALT deduction are capped at $10,000. That cap was put in place in 2017, and it’s set to end after 2025.
House Speaker Mike Johnson reached a tentative deal with blue state GOP lawmakers on Tuesday to boost the cap on state and local tax deductions, or SALT, to $40,000.
The future of President Donald Trump's "Big Beautiful" federal spending bill could come down to SALT tax deductions.
Speaker Mike Johnson (R-La.) and moderate Republicans have zeroed in on an agreement for the state and local tax (SALT) deduction cap, multiple sources told The Hill, solving a critical hang-up tha… ...
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