salt tax news - Search News

News

SALT, tax deduction

MarketWatch on MSN · 4d

The SALT deduction is now much more generous. Here’s how to get the most out of the tax break.

A deduction to defray homeowners’ state income taxes and local property taxes is getting much more generous, following fierce debate among lawmakers in Washington. The focus on the write-off is now coming from homeowners deciding if they should use the deduction to their advantage for the first time in years.

Soy Aire on MSN · 7h

The SALT deduction of Trump's tax reform: It could affect some with a high tax rate

The 'Great Beautiful Law' temporarily raises the SALT deduction cap to $40,000 starting in 2025, offering relief to many taxpayers. However, a phaseout mechanism could lead to higher effective tax rates for some,

CNN on MSN · 3d

Who will — and won’t — benefit from the bigger SALT deduction

For the next five years, there will be a much more generous state and local tax deduction available to federal income tax filers, thanks to the recently enacted mega tax-and-spending-cuts law.

3don MSN

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 ...

11don MSN

Trump tax and spending bill passes with Senate's generous SALT changes. Why this matters.

Congress passed a giant tax bill that includes the Senate's SALT changes that allow rich Americans in high-tax states to save ...

3don MSN

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

The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from ...

4h

Tax cuts take effect before spending cuts in 'One Big Beautiful Bill'

The bill permanently extends the major provisions of 2017’s Tax Cuts and Jobs Act, including lower tax rates, larger standard ...

11d

Final Tax Reform Bill Preserves SALT And PTET Deductions For Traders And Professionals

Final tax reform bill preserves SALT and PTET deductions for traders and professionals, avoiding SSTB carve-outs and ensuring ...

8d

New SALT Cap Could Slash Property Tax Pain for Homeowners in These High-Tax States

A new $40K SALT cap could deliver long-awaited tax relief to homeowners in high-cost states like NJ, NY, and CA by cutting ...

Pasadena Star-News3dOpinion

Are we pouring SALT on housing’s affordability wounds?

Tossing more money at the housing market only benefits the few who qualify – and makes house hunting a futile chase for the ...

Some results have been hidden because they may be inaccessible to you

Show inaccessible results