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Senate Republicans on Tuesday passed changes to the federal deduction for state and local taxes, known as SALT, as part of President Donald Trump’s multitrillion-dollar spending bill ...
Congress should provide certainty for Main Street by making permanent the 20% small business deduction that is set to expire. The One Big Beautiful Bill Act makes that happen.
But SALT deductions have also unfairly subsidized high tax agendas in blue states. How do we bridge the gap and gain all the free market, political, and economic benefits both sides seek?
As Senate Republicans release key details of President Donald Trump’s spending package, some provisions, including the federal deduction for state and local taxes, known as SALT, remain in limbo ...
Blue state House Republicans warn Senate GOP against removing SALT deduction increase from tax bill, with Rep. Mike Lawler declaring any such move 'dead on arrival' as negotiations continue.
The ‘SALT’ deduction is still in limbo as Senate Republicans unveil key tax details of President Donald Trump’s spending package. Here’s what to know.
CPA societies from 53 states and jurisdictions have backed the AICPA in the PTET SALT deduction effort. On Thursday, five state CPA leaders explained more about why they want the deduction preserved.
Goldman Sachs analysis finds higher SALT deduction caps unlikely to prevent high-income households from moving from high-tax states to low-tax states amid rising interstate migration.
The bill would allow teachers to claim up to a $300 deduction on their state income tax return for eligible expenses.
The OBBBA would extend the 23 percent Section 199A deduction to BDC interest dividends, potentially boosting after-tax yields for taxable investors by over 14 percen ...
The IRS allows you to claim deductions that reduce the amount of tax you owe. Those deductions either are itemized deductions or standard — a flat rate.
The House-approved tax bill could end the popular ‘SALT’ deduction workaround for certain pass-through businesses. Here’s what to know.
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