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As reported on May 16, 2025, the SALT cap proposal contained in the legislation that was pending in the U.S. House of ...
The Republican lawmaker said a budget bill with a SALT deduction cap as low as $30,000 would not get her support.
The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000 ...
A proposal to increase the cap from $10,000 to ... Most of the tax relief from lifting the SALT cap, for instance, would go to households earning between $200,000 and $500,000, said a February ...
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 ...
Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...
The State and Local Tax (SALT) deduction is a rule that helps people lower the amount of federal taxes they owe. It lets you deduct the state and local taxes you’ve already paid, like income tax, ...
Issues over tax relief for blue state Republicans are coming to a head as the GOP crafts President Trump's "big, beautiful ...