#salt-deduction
#salt-deduction

Where Trump's higher SALT deduction cap has the most impact

The TCJA capped the SALT deduction at $10,000 for married couples and $5,000 for individuals, while the OBBBA raised the cap to $40,000 and $20,000 respectively.

US politics

#property-taxes

Real estate

Seattle Homeowners Among the Biggest Beneficiaries of Washington's SALT Deduction Changes

Real estate

32% of Homeowners in Austin, Texas Will Benefit From the New SALT Deduction Changes

Real estate

14.7% of Homeowners In Illinois Will Benefit From The New SALT Deduction Changes

Real estate

19.4% of Connecticut Residents Stand to Gain From Updated SALT Deduction Rules on Property Taxes

US politics

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

Real estate

Seattle Homeowners Among the Biggest Beneficiaries of Washington's SALT Deduction Changes

Real estate

32% of Homeowners in Austin, Texas Will Benefit From the New SALT Deduction Changes

Real estate

14.7% of Homeowners In Illinois Will Benefit From The New SALT Deduction Changes

Real estate

19.4% of Connecticut Residents Stand to Gain From Updated SALT Deduction Rules on Property Taxes

US politics

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

15.6% of Homeowners In Washington, D.C. Will Benefit From The New SALT Deduction Changes

New $40,000 SALT deduction cap provides significant relief for D.C. homeowners facing high taxes.

16.3% Homeowners In New Hampshire Will Benefit From The New SALT Deduction Changes

Residents of high-tax states suffered the most with the previous cap on state and local taxes (SALT), because their taxes far exceeded the cap, they were not able to deduct the full amount like residents in low-tax states.

SF real estate

New York Homeowners Could Save Thousands Thanks to New SALT Deduction Changes

The new $40,000 cap on SALT deductions provides significant relief for New York homeowners previously burdened by a $10,000 cap.

#tax-reform

US politics

New Jersey's New SALT Deduction Rules Could Help Homeowners Keep More Money

Real estate

NAR celebrates passage of the 'Big Beautiful Bill'

fromBoston.com

4 weeks ago

US politics

Leaders of Boston firefighters union back Trump's 'big beautiful bill' in video posted by the White House

fromFast Company

1 month ago

SF politics

Small business owners, here's how Trump's Big Beautiful Bill could impact your taxes: SALT deduction workaround axed

NYC politics

This tax-bill fine print could send businesses fleeing from New York - or derail Trump's agenda

NYC real estate

These High Tax States Could Benefit the Most From Higher SALT Deduction

US politics

New Jersey's New SALT Deduction Rules Could Help Homeowners Keep More Money

Real estate

NAR celebrates passage of the 'Big Beautiful Bill'

fromBoston.com

4 weeks ago

US politics

Leaders of Boston firefighters union back Trump's 'big beautiful bill' in video posted by the White House

fromFast Company

1 month ago

SF politics

Small business owners, here's how Trump's Big Beautiful Bill could impact your taxes: SALT deduction workaround axed

This tax-bill fine print could send businesses fleeing from New York - or derail Trump's agenda

Proposed tax changes could significantly burden New York businesses, potentially increasing their federal tax liability by billions and prompting an exodus to lower-tax states.

NYC real estate

These High Tax States Could Benefit the Most From Higher SALT Deduction

The fate of the House Republican tax package may depend on raising the SALT deduction cap, especially for high-tax states.

High income taxpayers in California and New York set for a SALT windfall in 2016

New tax legislation primarily benefits wealthy taxpayers in high-tax states by significantly increasing the SALT deduction cap.

fromwww.mercurynews.com

2 weeks ago

Who will and won't benefit from the bigger SALT deduction

Increased SALT deduction cap to $40,000 for 2025 with annual adjustments provides a more generous tax benefit to some federal income tax filers.

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

The federal limit on state and local tax deductions, known as the SALT cap, will increase from $10,000 to $40,000, beginning in 2025, significantly benefiting homeowners.

Real estate

California

fromABC7 San Francisco

4 weeks ago

SALT cap raised to $40,000 will benefit California homeowners, experts say

The Big Beautiful Bill includes a $40,000 SALT deduction, benefiting many Californians by allowing greater state and local tax deductions.

Experts believe the new SALT tax deduction could be a gamechanger for homeownership in California.

#tax-policy

fromsilive

NYC politics

Local officials celebrate increased SALT tax deduction in Trump's 'One Big Beautiful Bill'

'As it currently stands, I was a no': Republicans divided over Trump's major tax bill

Rep. Lawler insists that restoring SALT deductions is crucial for his support on tax legislation.

fromBusiness Insider

NYC politics

State and local taxes are at the center of the fight over Trump's big bill. Here's what taxpayers in every state pay.

NYC politics

Republican Congressman Mike Lawler discusses House budget negotiations

US politics

House bill calls for bigger SALT tax breaks

fromsilive

NYC politics

Local officials celebrate increased SALT tax deduction in Trump's 'One Big Beautiful Bill'

'As it currently stands, I was a no': Republicans divided over Trump's major tax bill

Rep. Lawler insists that restoring SALT deductions is crucial for his support on tax legislation.

fromBusiness Insider

NYC politics

State and local taxes are at the center of the fight over Trump's big bill. Here's what taxpayers in every state pay.

NYC politics

Republican Congressman Mike Lawler discusses House budget negotiations

US politics

House bill calls for bigger SALT tax breaks

more#tax-policy

GOP Rebel Who Opposes Big Beautiful Bill' Fires Back at Trump on Fox News: Not Going to Sacrifice My Constituents'

Rep. Mike Lawler prioritizes constituents' needs over political pressure from Trump regarding the SALT deduction debate.

SF politics

House GOP's Big, Beautiful Bill' Rebels Still Holding Out After Trump's High-Stakes Capitol Hill Visit

House Republicans remain firm against Trump's bill unless their demands on the SALT deduction are met.

President Trump attempts to persuade holdout Republicans to support his legislation.

Top Democrat Rips Red Taker States' Getting Subsidized By Blue Donor States' Like New York: That's Actually Not Fair'

Hakeem Jeffries criticizes GOP members for wanting to maintain SALT deduction cap that unfairly burdens high-tax states.

Trump's 'big, beautiful bill' fails to pass House committee vote

The bill seeks to raise the SALT deduction cap, primarily benefiting the wealthy while cutting Medicaid funding affecting millions of Americans.

US politics

GOP Congressman Slips Up by Talking About Medicaid Cuts, Uh, Medicaid Reforms, I Should Say'

House Republicans plan Medicaid reforms signaling potential cuts, despite earlier assurances.

10.3 million Americans risk losing Medicaid under proposed spending bill reforms.

#republican-party

NYC politics

NY Republican Shreds MTG in Nasty Social Media Spat: The Jewish Space Laser Lady Once Again Doesn't Have a Clue'

NYC politics

House tax plan triples SALT deduction cap to $30K - but New York GOPers say it's not enough

NYC politics

NY Republican Shreds MTG in Nasty Social Media Spat: The Jewish Space Laser Lady Once Again Doesn't Have a Clue'

NYC politics

House tax plan triples SALT deduction cap to $30K - but New York GOPers say it's not enough

more#republican-party

GOP tax bill draft draws praise from NAR

The new legislation draft supports housing affordability by preserving important tax provisions and could evolve positively through amendments.

We Look Forward to Holding Them Accountable': Karoline Leavitt Threatens GOP Holdouts on Trump's Big, Beautiful Bill'

Well look, this is an ongoing discussion on the Hill. There's a lot of disagreement on Capitol Hill right now about the SALT tax proposal, and we will let them work it out.

US politics