SALT Deduction Cap Proposal

News

SALT, a deduction and House Republican

MiBolsilloColombia on MSN · 4h

SALT deduction changes explained: Who really benefits from the $40,000 cap?

A proposed $40,000 cap on the SALT deduction reignites debate over who benefits most, especially in high-tax states.

NBC News on MSN · 20h

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.

USA TODAY · 2d

Republicans weigh a $40K cap on SALT deduction, which would help NJ homeowners

The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000

USA Today11d

House SALT proposal would raise cap on deduction to $30K, but some Republicans balk

The SALT deduction lets people reduce the amount ... but not repealing, the cap. The GOP proposal would cut taxes and extend President Donald Trump’s 2017 tax cuts due to expire this year.

Axios on MSN3d

Johnson offers $40,000 SALT deduction cap with income limits

House Speaker Mike Johnson offered GOP holdouts a detailed proposal on Monday to set the SALT deduction cap at $40,000 for ...

2don MSN

Johnson, SALT Republicans zero in on critical agreement

Speaker Mike Johnson (R-La.) and moderate Republicans have zeroed in on an agreement for the state and local tax (SALT) ...

Committee for a Responsible Federal Budget2d

Further SALT Cap Relief Only Benefits High Earners

Raising the current $10,000 cap on the State and Local Tax (SALT) deduction would primarily benefit high earners ...

What is the SALT cap, and how does it impact California taxpayers?

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

Some results have been hidden because they may be inaccessible to you

Show inaccessible results