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SALT, income tax

Final Tax Reform Bill Preserves SALT And PTET Deductions For Traders And Professionals

Final tax reform bill preserves SALT and PTET deductions for traders and professionals, avoiding SSTB carve-outs and ensuring pass-through parity.

NBC News on MSN · 2d

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.

National Law Review · 3h

One Big Beautiful Bill Locks in Tax Cuts, Tweaks SALT and Adds New Deductions

The One Big Beautiful Bill (OBBB) cements many individual tax provisions from the 2017 Tax Cuts and Jobs Act (TCJA) including permanent lower income tax rates and a doubled standard deduction. The bill passed on July 3 and is expected to be signed by President Donald Trump by July 4.

Corporate Winners and Losers in Trump’s Big Tax Bill

The Wall Street Journal on MSN · 2h

The Corporate Winners and Losers in Trump’s Big Tax Bill

The final version of President Trump’s hallmark tax-and-spend legislation delivers significant tax advantages to some industries while rescinding them for others.While Medicaid and state-and-local-tax deductions,

Accounting Today · 30m

Congress passes Trump tax bill

House Republicans passed the wide-ranging Trump tax legislation dubbed the One Big Beautiful Bill Act, overcoming resistance from a group of GOP holdouts and united opposition from Democrats.

Austin American-Statesman · 4h

Trump tax and spending bill passes with Senate's generous SALT changes. Why this matters.

Congress passed a giant tax bill that includes the Senate's SALT changes that allow rich Americans in high-tax states to save money, experts say.

2hon MSN

Latest version of Trump’s ‘big, beautiful bill’ raises SALT deduction cap to $40,000: What it means for you

Senate Republicans passed changes to the federal deduction for state and local taxes, known as SALT. Here's how the SALT ...

5hon MSN

Trump’s 'one big beautiful' bill passes ‘SALT’ deduction limit of $40,000. Here’s who benefits

President Donald Trump’s "one big beautiful" bill raises the "SALT" deduction cap to $40,000. Here's who will benefit.

4hon MSN

Live updates: House passes Trump's mega bill, securing a big win for the GOP agenda

President Trump is scheduled to sign the bill into law at 5 p.m. on July 4 at the White House, locking in tax reductions and Medicaid cuts.

20hon MSN

SALT caucus likely to keep gains despite leaving sour taste in Freedom Caucus mouths

The current $40,000 SALT cap that was brokered appears likely to stay as any changes would undoubtedly cost votes from the ...

2don MSN

SALT deduction will do 'nothing for 90% of US taxpayers,' economists say

The SALT deduction cap is proving to be a major sticking point between House and Senate Republicans. Experts say expanding ...

2don MSN

Leaders of Boston firefighters union back Trump’s ‘big beautiful bill’ in video posted by the White House

President Trump's plan on the SALT reduction will provide immediate assistance and relief to our members," the union ...

3d

How much can I deduct for my local taxes? Congress just decided

A popular tax break used in high-tax states like New Jersey would be capped under a deal reached over the weekend by ...

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