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The future of President Donald Trump's "Big Beautiful" federal spending bill could come down to SALT tax deductions.
Rep. Mike Lawler backed legislation that would quadruple the SALT deduction on federal taxes from $10,000 to $40,000.
I worked to protect the integrity of the Medicaid program by ensuring that benefits go only to the program’s intended ...
The State and Local Tax (SALT) deduction has been a pivotal aspect of the U.S. tax system, especially impacting taxpayers in ...
One of the most contentious issues in the “big, beautiful” tax bill is how much to raise the state and local tax deduction, or SALT, for tax filers. Here's what that means.
Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the country and a high-income tax rate layered on top, New York residents ...
The issue faces an uncertain future as the tax bill moves to the ... The $10,000 limit on the SALT deduction was put in place in 2017 to help offset the cost of the massive tax cuts passed during ...
A proposed $40,000 cap on the SALT deduction reignites debate over who benefits most, especially in high-tax states.
A faction of New York's Republican congressional delegation has threatened to reject any tax package that does not give a ...