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Trump's Tax Bill Has Nasty Surprise In SALT Fine Print For Some Rich Americans
The bill would boost the maximum SALT deduction to $40,000, from the $10,000 limit in President Donald Trump’s 2017 tax overhaul. That’s good news for most affluent taxpayers in high-tax states. Still ...
Eight provisions in the ‘big, beautiful bill’ the Senate may change
Republicans look to a July 4 deadline to approve the "big, beautiful bill," but lawmakers have to work through several ...
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What is the 'SALT Caucus' and why did it claim victory with the SALT deduction increase?
In the midst of negotiations for the 'One Big Beautiful Bill Act,' a group of Republicans known as the 'SALT caucus' emerged ...
The Accountant on MSN22h
AICPA opposes limitations on tax deductions
In the letter, the body called for an allowance for business entities to deduct SALT paid or accrued in trade or business ...
The New Republic22hOpinion
Trump Finds Laughable New Way to Beg Canada to Join the U.S.
Donald Trump is once again begging Canada to become part of the United States—this time, in exchange for military protection.
NerdWallet on MSN10h
Tax Deductions Might Go Up. Would You Benefit?
House Republicans passed President Donald Trump’s “one big, beautiful bill” on May 22. This meaty budget reconciliation bill ...
Who would benefit from the proposed $40,000 SALT cap? How this deduction works
The House just made a move that could shake up tax season for a lot of Americans-especially those in high-tax states. Lawmakers voted to raise the cap on the SALT deduction (short ...