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These High Tax States Could Benefit the Most From Higher SALT Deduction
Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the country and a high-income tax rate layered on top, New York residents are disproportionately affected by the current $10,000 cap on state and local tax deductions.
The House Ways and Means Committee on Monday released a fuller version of its part of Republicans’ bill full of President ...
Members in high-tax states are threatening to vote against the budget bill unless they see a hike in the SALT deduction.
Futzing with the cap has serious implications on the total ... Importantly, even with the SALT cap, many wealthy households' tax bills are still smaller than they were in before the 2017 tax ...
The House of Representatives narrowly passed a sweeping piece of legislation backed by former President Donald Trump ...
As Congress deliberates these proposals, the potential impact on taxpayers, businesses, and the broader economy remains a ...
At 6:54 a.m. this morning – after several days of political wrangling and an all-nighter House voting session – House ...
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