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As the Senate considers next steps for the House-passed “big, beautiful” tax bill, the battle lines have been drawn for a ...
The House just made a move that could shake up tax season for a lot of Americans-especially those in high-tax states. Lawmakers voted to raise the cap on the SALT deduction (short ...
The House-approved tax bill could end the popular ‘SALT’ deduction workaround for certain pass-through businesses. Here’s ...
Baked into House Republicans’ sweeping tax package is an increase to the federal deduction for state and local taxes, a ...
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MiBolsilloColombia on MSNIncrease in SALT cap eases taxpayers' path to other deductionsThe 'One Big Beautiful Bill Act' proposes a significant change to the SALT deduction, increasing the cap from $10,000 to ...
Federal taxes would increase for many if Congress fails to renew tax cuts, but the legislation favors the rich.
But at the same time, lawmakers from high-tax states including New York are demanding a deeper tax deduction, known as SALT, for their ... what's currently a $10,000 cap on the state and local ...
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