SALT Deduction Cap Proposal

News

SALT, a deduction and Republicans

SALT deduction cap increased to $40,000 in new deal reached by Republicans. What to know

Republican lawmakers reached a deal today to raise the cap for the state and local tax deduction, known as the SALT deduction. Find out more.

NBC News on MSN · 1d

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

3don 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) ...

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 ...

USA Today12d

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.

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 ...

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