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The White House's tax bill will consider SALT (again). What's that mean for you?
The state and local tax deduction – often abbreviated as SALT – was a political flashpoint in the passage of the 2017 Tax Cuts and Jobs Act, and is shaping up to be so again in 2025.
SALT Caucus and GOP leadership reach tentative deal in win for tax bill
The agreement marks a big win for SALT cap crusaders like Rep. Mike Lawler (R-NY) and others who have demanded the SALT cap ...
Congress Pulls Tax Cut All-Nighter With SALT Fight Unresolved
House lawmakers debated the contours of President Donald Trump’s tax cuts throughout the night as they race to meet a ...
Republicans are debating SALT tax breaks that are bad policy, good voter bribes | Opinion
The SALT deduction cap should be $0. People should not be able to deduct their state and local tax burdens from their federal ...
House moderates accept sledgehammer approach to green energy tax credits despite calls for scalpel
Despite insisting for months they wanted green energy tax credits to be handled with a scalpel in their sweeping reconciliation measure, moderate Republicans ultimately accepted a sledgehammer ...
Trump Loses Patience With SALT Demand as Tax Bill Faces Snag
House Republicans were still unable to reach a deal on Tuesday over the divisive state and local tax deduction as President ...
The College Investor on MSN1d
“No Tax On Tips” Bill Clears Senate With Zero Opposition
Key Points ・The Senate unanimously passed the “No Tax on Tips Act,” allowing workers to deduct up to $25,000 in reported cash ...
What the No Tax on Tips Act Means for Workers and Businesses
Under the bill, employees would be eligible for an annual income tax deduction of $25,000 for some types of cash tips.