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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.
Final Tax Reform Bill Preserves SALT And PTET Deductions For Traders And Professionals
Final tax reform bill preserves SALT and PTET deductions for traders and professionals, avoiding SSTB carve-outs and ensuring pass-through parity.
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.
Congress' Newly Passed Bill Means Homeowners Could Save Thousands In Taxes
A key provision included in the law will raise the cap on the State and Local Tax (SALT) deduction to $40,000.
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 staple.
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