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SALT deduction cap boosted to $40,000 — here’s who stands to get the biggest tax breakThe 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 ...
Congress passed a giant tax bill that includes the Senate's SALT changes that allow rich Americans in high-tax states to save ...
After years of debate, the U.S. House of Representatives passed a bill that raises the cap on the state and local tax ...
Final tax reform bill preserves SALT and PTET deductions for traders and professionals, avoiding SSTB carve-outs and ensuring ...
Californians will be able to deduct more of their state and local taxes on their federal income tax returns thanks to the Big ...
Now that the tax and spending bill has been signed into law, how it will impact the finances of Americans is more clear.
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Trump has signed the "big, beautiful" bill, enacting sweeping changes to programs like SNAP and Medicaid. Here's what ...
Goldman Sachs analysis finds higher SALT deduction caps unlikely to prevent high-income households from moving from high-tax states to low-tax states amid rising interstate migration.
Only those earning $500,000 or less could take advantage of the full $40,000 cap, under the bill the Senate passed.
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