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MiBolsilloColombia on MSN2h
Who benefits from SALT changes? New data shows married couples gain the most
Recent SALT deduction changes mainly benefit married couples in high-tax states, raising questions about fairness and ...
JD Supra4d
The State and Local Tax Deduction Is in Peril – The Cavalry Does Not Appear to Be on Its Way to Rescue It
Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...
Californians could get bigger state, local tax deductions. Why that matters
Some congressional lawmakers are trying to lift Trump-era caps on state and local tax deductions as part of the new ...
How Trump’s big bill could affect your taxes
President Trump’s bill to cut taxes and spending centers on an extension of his previous round of tax cuts, which Republicans ...
Mansion Global1d
A $40,000 SALT Cap Would Be a Boon to Homeowners Living in the U.S.’s Priciest Cities
SALT allows taxpayers to deduct state and local taxes, including property tax, from their federal tax bill if they itemize ...
JournalofAccountancy2d
Why the PTET SALT deduction is the AICPA’s ‘No. 1 priority’
We have a call to action on the passthrough entity SALT deduction because it has a huge impact to our members and, of course, their clients, too. Then with regards to the IRS, that is something ...
NEWS10 ABC1h
SALT vs. SNAP: What New York lost and won in ‘One Big Beautiful Bill’
The U.S. House of Representatives passed the “One Big Beautiful Bill Act” by a slim 215-214 vote on Thursday, igniting a sharp divide across New York regarding its impact on health ...