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MiBolsilloColombia on MSN2d
Trump's new tax law could eliminate SALT workaround and affect business expenses
The ‘One Big Beautiful Bill Act’ proposes changes to the SALT deduction and could end key business workarounds, sparking ...
MiBolsilloColombia on MSN13d
SALT Deduction: What it was like before 2017 and now with Trump's proposal
The State and Local Tax (SALT) deduction has been a pivotal aspect of the U.S. tax system, especially impacting taxpayers in ...
Senators must hold down the SALT cap
As the Senate considers next steps for the House-passed “big, beautiful” tax bill, the battle lines have been drawn for a ...
What is the SALT cap, and how does it impact California taxpayers?
Breaking that out more, 20% of taxpayers in California’s 40th Congressional District — represented by Kim, it covers eastern ...
Institute on Taxation and Economic Policy4d
Sweeping Federal Tax and Spending Changes Threaten Local Governments
Given this environment, local leaders must do what they can to preserve and strengthen progressive revenue tools, advocate ...
Who would benefit from the proposed $40,000 SALT cap? How this deduction works
The House just made a move that could shake up tax season for a lot of Americans-especially those in high-tax states. Lawmakers voted to raise the cap on the SALT deduction (short ...
NY Republicans eke out SALT deal in federal spending bill
U.S. Rep. Elise Stefanik said she was the “deciding vote” on a megabill that quadrupled the maximum state and local tax ...
Orange County Register21d
What is the SALT cap, and how does it impact California taxpayers?
Rep. Young Kim rejects SALT cap proposal of $30,000, calling it a ‘slap in the face’ Trump seems open to increasing SALT cap, local GOP House member says after meeting OC Rep. Young Kim ...