Hosted on MSN

GOP's SALT deduction quadruples current limit, but not everyone benefits

The 'One Big Beautiful Bill Act' (H.R. 1), supported by President Donald Trump, has stirred debate with its proposed changes to the State and Local Tax (SALT) deduction. Currently, under the Tax Cuts ...
NBC New York

Trump's ‘big beautiful bill' passes SALT deduction limit of $40,000. Here's who benefits

When you itemize tax breaks, you can claim the SALT deduction, which includes state and local income taxes and property taxes. Trump's 2017 tax cuts added a $10,000 cap on the SALT deduction through ...
Newsday

SALT has no place in big, beautiful tax cut

This guest essay reflects the views of Grover Norquist, president of Americans for Tax Reform. He wrote this for InsideSources.com. Congress and President Trump are working to pass the "One Big ...
NBC Connecticut

Trump's ‘big beautiful bill' passes SALT deduction limit of $40,000. Here's who benefits

Stream Connecticut News for free, 24/7, wherever you are. When you itemize tax breaks, you can claim the SALT deduction, which includes state and local income taxes and property taxes. Trump's 2017 ...
NBC DFW

Trump's ‘big beautiful bill' passes SALT deduction limit of $40,000. Here's who benefits

House Republicans on Thursday approved President Donald Trump's "big beautiful bill," which includes changes to the limit for federal deduction for state and local taxes, known as SALT. When you ...