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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 · 2h

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.

MarketWatch on MSN · 2d

Trump, GOP tweak SALT cap. Here’s what to know about the controversial tax break.

One of the most important sticking points in negotiations about President Donald Trump’s signature tax-and-spending bill is how generous to make the deduction for state and local taxes.

44mon MSN

NY Republicans eke out SALT deal in federal spending bill

U.S. Rep. Elise Stefanik said she was the “deciding vote” on a megabill that quadrupled the maximum state and local tax ...

3don MSN

SALT Caucus and GOP leadership reach tentative deal in win for tax bill

The agreement marks a big win for SALT cap crusaders like Rep. Mike Lawler (R-NY) and others who have demanded the SALT cap ...

These High Tax States Could Benefit the Most From Higher SALT Deduction

Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the ...

1don MSN

Senate GOP weighs SALT changes despite ‘big, beautiful bill’ deal

Senate Republicans are staring down a collision course with the House as they weigh possible changes to the state and local tax (SALT) deduction cap as part of larger revisions to the party’s ...

12h

The SALT deduction: Republicans’ tax break for wealthy blue-staters

The "one big, beautiful bill" includes a new tax break for coastal elites. It's a deduction for up to $40,000 of state and ...

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