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Local officials celebrate increased SALT tax deduction in Trump’s ‘One Big Beautiful Bill’
President Donald Trump’s “One Big Beautiful Bill Act,” which narrowly passed through the House of Representatives early Thursday morning in a 215 - 214 vote, includes an increase to the SALT — State and Local Tax — deduction, quadrupling the cap from $10,000 to $40,000 and phasing it out for incomes over $500,000.
7don MSN
Highlights of the bill include a bigger SALT deduction, cuts to Medicaid, and tax breaks on tipped wages. Here’s how it may ...
House lawmakers on Thursday morning passed changes for the federal deduction for state and local taxes, known as SALT, as ...
As reported on May 16, 2025, the SALT cap proposal contained in the legislation that was pending in the U.S. House of ...
8don MSNOpinion
The SALT deduction cap should be $0. People should not be able to deduct their state and local tax burdens from their federal ...
House lawmakers debated the contours of President Donald Trump’s tax cuts throughout the night as they race to meet a ...
Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story SALT ...
The state and local tax deduction is up for consideration again on Capitol Hill. What does it mean for you and your property taxes?
Federal taxes would increase for many if Congress fails to renew tax cuts, but the legislation favors the rich.
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