salt tax - Search News

News

Trump, SALT and big beautiful bill

NBC News on MSN · 8h

Trump's 'big beautiful bill' could deliver 45.5% 'SALT torpedo' for high earners, tax pro says

President Donald Trump’s ‘big beautiful bill’ delivers a temporary higher limit on the federal deduction for state and local taxes, known as SALT.

MarketWatch on MSN · 13h

The new $40,000 cap on SALT deductions in Trump’s big bill aids homeowners most in these cities

The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from $10,000, for the next five years. Now it’s up to taxpayers to see if they can take advantage of this extra write-off, which is popularly referred to as the SALT deduction.

The Washington Post on MSN · 2d

Trump’s tax law includes a $40,000 SALT cap. Here’s who qualifies.

The new GOP tax law quadruples how much people can deduct in state and local taxes off their federal returns, offering significant relief to high earners in many Democratic-led states by partially undoing a big change in President Donald Trump’s 2017 law.

SALT, tax deduction

MarketWatch on MSN · 1d

The SALT deduction is now much more generous. Here’s how to get the most out of the tax break.

A deduction to defray homeowners’ state income taxes and local property taxes is getting much more generous, following fierce debate among lawmakers in Washington. The focus on the write-off is now coming from homeowners deciding if they should use the deduction to their advantage for the first time in years.

CNN on MSN · 19h

Who will — and won’t — benefit from the bigger SALT deduction

For the next five years, there will be a much more generous state and local tax deduction available to federal income tax filers, thanks to the recently enacted mega tax-and-spending-cuts law.

Why Small Businesses Should Care About the SALT Tax

The latest SALT change could bring in thousands worth of tax savings for small businesses when they file their taxes. But it’s not a permanent staple.

5d

New SALT Cap Could Slash Property Tax Pain for Homeowners in These High-Tax States

A new $40K SALT cap could deliver long-awaited tax relief to homeowners in high-cost states like NJ, NY, and CA by cutting ...

Long Island Press3d

SALT deduction grows to $40K, stirring debate among Long Island reps

After years of debate, the U.S. House of Representatives passed a bill that raises the cap on the state and local tax ...

Daily Breeze15hOpinion

Are we pouring SALT on housing’s affordability wounds?

Tossing more money at the housing market only benefits the few who qualify – and makes house hunting a futile chase for the ...

7d

Lawmakers Land SALT Cap Deal That Will Offer Major Relief to Homeowners in High-Tax States

Lawmakers are close to a deal that would raise the SALT cap to $40,000—offering potential tax relief for homeowners in ...

MiBolsilloColombia on MSN2d

Trump's SALT deduction limits may drag more earners into AMT liability

Trump’s ‘One Big Beautiful Bill Act’ could unintentionally push more taxpayers into the AMT, especially in high-tax states, ...

Some results have been hidden because they may be inaccessible to you

Show inaccessible results