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Thanks to the Trump administration’s 2017 tax overhaul, that deduction was capped at $10,000 annually. As a result of that law, and other changes, about 13% of county filers deducted what they ...
House Republicans are clashing with their own party's leadership in a battle to raise or eliminate the $10,000 cap on the SALT deduction. Here’s what you need to know: What is SALT tax deduction?
Here's what the legislation would do: Adds a new $4,000 deduction for people 65 and older Senior citizens who are 65 and older would get a new tax benefit — an extra deduction of $4,000 per filer.
But the battle over the deduction for state and local taxes, known as SALT, remains in limbo. The text released Monday afternoon would raise the SALT cap to $30,000 for those with a modified ...
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It’s a non-starter with representatives in the House’s so-called “SALT Caucus,” who have campaigned for years to repeal completely the $10,000 limit on the deduction for federal income taxes.
What is successful right-wing art? I posed that question to Jonathan Keeperman, who runs the far-right publisher Passage Press, on my podcast a couple of weeks ago, and you can tell that it’s a ...
House Republicans are calling for a higher limit on the deduction for state and local taxes, known as SALT, as part of President Donald Trump's tax and spending package. The House Ways and Means ...
The House's first draft of tax legislation includes a provision sought by President Donald Trump to allow tax deductions for interest on car loans. The 389-page tax bill, which is a starting point ...
The Golden State uses a progressive tax system with some of the highest rates in the nation — but also offers various deductions and credits to offset what you owe. Whether you’re a full-time ...
Key New York House Republicans say they are rejecting a proposal from GOP leadership to raise the state and local tax (SALT) deduction cap to $30,000 in the party’s bill full of President Trump ...