News

House Republican tax bill passes 'SALT' deduction cap of $40,000. Here's who would benefit.
If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...
The Journal News2d
Mike Lawler backs House bill that quadruples state and local tax deductions to $40,000
Rep. Mike Lawler backed legislation that would quadruple the SALT deduction on federal taxes from $10,000 to $40,000.
Kean: I led the fight to restore N.J.’s property tax deduction | Opinion
I worked to protect the integrity of the Medicaid program by ensuring that benefits go only to the program’s intended ...
FOX 10 Phoenix3d
SALT deduction: What it could mean for your taxes
The issue faces an uncertain future as the tax bill moves to the ... The $10,000 limit on the SALT deduction was put in place in 2017 to help offset the cost of the massive tax cuts passed ...
SFGate6d
These High Tax States Could Benefit the Most From Higher SALT Deduction
Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the country and a high-income tax rate layered on top, New York ...
JournalofAccountancy4d
Why the PTET SALT deduction is the AICPA’s ‘No. 1 priority’
They tied the PTET, the passthrough entity SALT deduction to Sec. 199A ... But the number one issue and concern that our members came forward with is the future of the IRS.With everything that ...
RealClearMarkets3d
SALT Shrinkage Is Bad for Red State Taxpayers Too
As things stand now, and with conservatives oddly standing athwart an expanded SALT deduction with their allegedly ... federal tax revenue now and in the future. As tax revenues grow, so grows ...