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Trump, SALT and mega tax bill

MarketWatch on MSN · 1d

The new $40,000 cap on SALT deductions in Trump’s big bill aids homeowners most in these cities

The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from $10,000, for the next five years. Now it’s up to taxpayers to see if they can take advantage of this extra write-off, which is popularly referred to as the SALT deduction.

NBC News on MSN · 1d

Trump's 'big beautiful bill' could deliver 45.5% 'SALT torpedo' for high earners, tax pro says

President Donald Trump ’s ‘big beautiful bill’ delivers a temporary higher limit on the federal deduction for state and local taxes, known as SALT. But the phaseout, or income-based benefit reduction, could trigger a tax surprise for some higher earners, experts say.

USA TODAY on MSN · 9d

Trump tax and spending bill passes with Senate's generous SALT changes. Why this matters.

Congress passed a giant tax bill that includes the Senate's SALT changes that allow rich Americans in high-tax states to save money, experts say.

11don MSN

Senate Republican tax bill passes ‘SALT’ deduction cap of $40,000. Here’s who benefits

Senate Republicans’ tax bill raises the "SALT" deduction cap to $40,000. Here's who could benefit from the change.

3d

SALT deduction cap boosted to $40,000 — here’s who stands to get the biggest tax break

The new tax law hiked the SALT deduction cap to $40,000. That’s good news for taxpayers in high tax states, but it’s a ...

1d

Why Small Businesses Should Care About the SALT Tax

The latest SALT deduction change could mean thousands in tax savings for small businesses. But it’s won't be a permanent ...

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