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Senate Republican tax bill passes 'SALT' deduction cap of $40,000. Here's who would benefit.
The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually from 2026 through 2033.
Kiplinger28d
Five Surprising GOP Senate Bill Tax Changes to Know
Based on the latest legislative text, here are five key changes proposed in the Senate GOP tax bill. 1. More modest Child Tax Credit — and sharper Medicaid cuts.
Republican senators seek to change Senate bill clean energy tax, improve tax credits
Republican Senator Joni Ernst has introduced an amendment to the U.S. Senate's tax and spending megabill that would change two of the most contentious parts of that bill and could give a small boost ...
From tax on tips to SALT deductions: Senate tweaks bring change to Trump's big tax bill
The Senate's version of the One Big Beautiful Bill takes the shine off some of Trump's most popular promises. Here's why.
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Five Surprising Senate Bill Tax Changes to Know - MSN
Here's more of what you need to know. Senate tax bill proposals. Like the House version of Trump’s One Big Beautiful Bill Act, the Senate’s proposed bill proposes several tax changes ...
Senate votes to move ahead on funding clawback package
The Senate will also vote on Tuesday evening to formally begin debate on the effort to rescind funding, which will require 51 votes to move forward, too. Even though Senate Republ ...
USA Today16d
Despite last-minute changes, Senate budget bill deals big blow to renewable energy
Business and labor groups earlier this week had blasted the bill's phaseout of tax credits. The Senate bill effectively phases out renewable energy tax credits after 2026 if projects haven't ...
The Latest: Senate Passes $9 Billion in Spending Cuts to Public Broadcasting, Foreign Aid
The Senate has passed about $9 billion in federal spending cuts requested by President Donald Trump, including deep ...