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As Republicans push for a comprehensive tax and spending bill, the spotlight is on the State and Local Tax (SALT) deduction. The proposed increase in the SALT cap could benefit high-income taxpayers, ...
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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.
The tax deduction was crucial to getting the bill through the House. Senate action would set up a showdown with blue state ...
Congress faces pressure to refine tax policy by eliminating ineffective deductions and securing permanent tax cuts to help ...
Opinion: AICPA’s Melanie Lauridsen says the Republican tax package would harm service-based businesses by stripping them of ...
Futzing with the cap has serious implications on the total ... Importantly, even with the SALT cap, many wealthy households' tax bills are still smaller than they were in before the 2017 tax ...
In this episode of Tax Notes Talk, Tax Notes Capitol Hill reporters Cady Stanton and Katie Lobosco discuss the final version of the House’s reconciliation bill and what’s next as the legislation heads ...
But the implications go beyond individual tax bills. Easing the SALT deduction limit could also help unstick a sluggish housing market by unlocking more buying power. How much could it help?
WASHINGTON – President Donald Trump is hoping to celebrate a major legislative win later this summer by signing into law a massive bill with implications ... tax deductions, also known as SALT ...