By increasing the State and Local Taxes (SALT) deduction cap from $10,000 to $40,000, the bill seeks to provide taxpayers ...

The 'One Big Beautiful Bill Act' aims to increase the SALT deduction cap from $10,000 to $40,000, promising relief for ...

The tax bill passed by the House of Representatives on May 22, called the “One Big Beautiful Bill Act,” has more than 1,000 ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers.

Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the ...

Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...

Breaking that out more, 20% of taxpayers in California’s 40th Congressional District — represented by Kim, it covers eastern ...

Some congressional lawmakers are trying to lift Trump-era caps on state and local tax deductions as part of the new ...

As the big, beautiful tax bill winds its way through Congress, Wisconsin construction companies are watching for tax ...

We have a call to action on the passthrough entity SALT deduction because it has a huge impact to our members and, of course, their clients, too. Then with regards to the IRS, that is something we’re ...

The version passed by the House increases that deduction limit to $40,000. The increase was a big point of contention for ...

The SALT deduction, as it is known ... The cap had an even greater impact on taxpayers in the top 1%, whose average tax cut was $40,100, instead of $71,000. But those in the bottom 80% would ...