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Senate budget bill would preserve PTET SALT deduction
An AICPA statement after the bill was issued by the Senate Budget Committee lauded lawmakers for “diligent work to reject new ...
Senate restores key SALT cap workaround for service businesses in GOP tax bill
Notably, by changing the bill, the total Senate bill will cost $37 billion more than it would have, according to the Joint Committee on Taxation.
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Congress's New Proposals Limit SALT Tax Benefits
The U.S. Congress is embroiled in a heated debate over fiscal legislation proposals aimed at restricting exemptions to the ...
SALT Caucus, White House zero in on key agreement in Trump megabill
Moderate House Republicans from high-tax blue states and the Trump administration are zeroing in on an agreement for the ...
Bessent, Johnson Express Optimism About Quick SALT Compromise
Treasury Secretary Scott Bessent and House Speaker Mike Johnson are projecting optimism that they can soon unlock a ...
2025 SALT Cap Could Hurt Top 'Hidden Home Cost'
The U.S. House of Representatives passed its version of Trump's tax plan, which, if approved, would raise the SALT cap from ...
Republicans report progress, but no deal on critical SALT issue
It’s crunch time for negotiations over the state and local tax (SALT) deduction cap. After a high-stakes meeting with ...
Congress is fighting over this tax deduction. Here’s how it affects Californians
The House wants to raise the SALT deduction cap, which would help wealthy Californians pay less in federal taxes. The Senate disagrees.