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Senate Republican tax bill passes 'SALT' deduction cap of $40,000. Here's who would benefit.
The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually ...
Major SALT Deduction Cap Boost Passes Senate. Here's Who Would Benefit
This move marks a reversal in policy on SALT deductions, one of the most contentious features of the 2017 Tax Cuts and Jobs Act.
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IRS no longer allows moving expense deduction under new law
Under the new 'One Big Beautiful Bill,' the IRS is permanently ending the moving expense deduction for most taxpayers after ...
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90% of Americans won't benefit from Trump's SALT deduction expansion
The SALT deduction, or State and Local Tax deduction, has been a point of contention since the 2017 Tax Cuts and Jobs Act ...
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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 ...