News

Senators must hold down the SALT cap
As the Senate considers next steps for the House-passed “big, beautiful” tax bill, the battle lines have been drawn for a ...
Soy Aire on MSN11d
Exploring the impact of the 'One Big Beautiful Bill Act' on SALT deductions
The 'One Big Beautiful Bill Act' aims to increase the SALT deduction cap from $10,000 to $40,000, promising relief for ...
Opinion
The Heritage Foundation1dOpinion
SALT Subsidies Are Crowding Out Positive Tax Reforms in the One Big Beautiful Bill Act
The House of Representatives passed its version of the fiscal year (FY) 2025 budget reconciliation bill on May 22 by the narrow margin of 215 to 214, with one Member voting present. The bill, titled ...
Return Of Country Club Dues Deduction Is More Defensible Than SALT
No one is calling for a return of the country club dues tax deduction, but even conservatives say that’s more defensible than ...
Institute on Taxation and Economic Policy3d
Sweeping Federal Tax and Spending Changes Threaten Local Governments
Given this environment, local leaders must do what they can to preserve and strengthen progressive revenue tools, advocate ...
Senate says SALT isn’t settled
Speaker Johnson is now staring down Senate tax writers who are doubling down on threats to scale back his carefully ...
NerdWallet on MSN7d
Tax Deductions Might Go Up. Would You Benefit?
House Republicans passed President Donald Trump’s “one big, beautiful bill” on May 22. This meaty budget reconciliation bill ...
FingerLakes1.com13d
Congress raises SALT deduction cap to $40K for high-tax states
Taxpayers in states like New York could save more under the new $40,000 SALT deduction cap. Here's how it would work.
Who would benefit from the proposed $40,000 SALT cap? How this deduction works
The House just made a move that could shake up tax season for a lot of Americans-especially those in high-tax states. Lawmakers voted to raise the cap on the SALT deduction (short ...