SALT Deduction Cap Updates

News

SALT, Republican

House Republican tax bill passes 'SALT' deduction cap of $40,000. Here's who would benefit.

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out over $500,000.

Newsday · 22h

Next test for higher SALT cap: Republican resistance in the Senate

Senate Majority Leader John Thune has argued that the ability to write off state and local taxes only benefits homeowners in high-tax states.

CBS News on MSN · 3d

Here's who could benefit from the proposed $40,000 SALT deduction cap

The budget bill passed by the House includes a provision to quadruple the state and local tax deduction, a boon for some homeowners.

31mon MSN

Top Connecticut Dem admits GOP SALT increase would ‘be good’ for his state

Rep. Jim Himes (D-Conn.), the top Democrat on the House Intelligence Committee, voted against the proposed One Big Beautiful Bill Act alongside the rest of his party last week — but is ...

Lawmakers Near SALT Cap Deal That Could Offer Major Relief to Homeowners in High-Tax States

Lawmakers are close to a deal that would raise the SALT cap to $40,000—offering potential tax relief for homeowners in ...

Results that may be inaccessible to you are currently showing.

Hide inaccessible results

News

SALT, Republican

Trending now