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News

SALT deduction, House of Representatives

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Local officials celebrate increased SALT tax deduction in Trump’s ‘One Big Beautiful Bill’
President Donald Trump’s “One Big Beautiful Bill Act,” which narrowly passed through the House of Representatives early Thursday morning in a 215 - 214 vote, includes an increase to the SALT — State and Local Tax — deduction, quadrupling the cap from $10,000 to $40,000 and phasing it out for incomes over $500,000.

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 · 1d
 · 4h · on MSN
Here are the changes to the SALT tax deduction in the 'big, beautiful bill'
 · 6d · on MSN
House Republican tax bill passes 'SALT' deduction cap of $40,000. Here's who would benefit.
1don MSN
Who are the GOP senators balking at Trump's tax bill?
All eyes will be on GOP Sens. Josh Hawley, Susan Collins, Rick Scott, Ron Johnson and others who are pushing for changes to ...
The Daily Signal
37m
Changes to ‘Big, Beautiful Bill’ to Cost Extra $140B Over 10 Years, Tax Panel Estimates
Want some extra SALT with those budgetary fries? It will cost you, the Joint Committee on Taxation said in a report released ...
2don MSN
7 ways Republicans are split over Trump’s ‘big bill’
Republicans are rushing to pass the bill — which would cut taxes and spending, raise the debt limit and increase defense and ...

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