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Trump, SALT and big beautiful bill

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.

MarketWatch on MSN · 1d

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

Nearly half of residential properties in San Jose, Sunnyvale and Santa Clara — 47.9% — have annual property-tax bills of at least $10,000. That’s on top of state income taxes the homeowners are paying, which can also be deducted under SALT rules.

USA TODAY · 2d

Trump's "Big Beautiful Bill "is now law: Who are the winners and losers? | The Excerpt

Senior Congress and Campaigns Reporter Riley Beggin breaks down the signature policy changes laid out in the recently passed GOP budget.

15h

How the ‘Senior Deduction’ in the Big, Beautiful Bill Could Help Retirees Keep Their Homes

A new $6,000 tax break for Americans aged 65-plus could offer relief, but some may see little benefit. Here’s who will ...

24d

What New 'Big Beautiful Bill' Proposals Mean for Medicaid, SALT

Proposed changes have reportedly angered some House Representatives, and differing views on the legislation could make passing Trump's bill difficult.

Trump’s ‘Big Beautiful Bill’ heads to his desk: Here’s how NY leaders are reacting

“The New York State Conservative Party applauds President Trump and Republicans in Congress for passing bold legislation that ...

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