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President Donald Trump’s "big beautiful bill" raises the SALT deduction cap to $40,000. Here's who will benefit.
Senate Republicans passed changes to the federal deduction for state and local taxes, known as SALT, on Tuesday, a crucial ...
The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually ...
Homeowners in particular can benefit from a provision that increases how much in property tax payments they can deduct on ...
This move marks a reversal in policy on SALT deductions, one of the most contentious features of the 2017 Tax Cuts and Jobs Act.