Do you itemize? Trump's Congress could raise the cap on the SALT tax deduction in 2025
Wealthy taxpayers could get a break if Congress and Trump agree to raise the limit on federal deductions based on your local tax payments.
Trump seems open to increasing SALT cap, local GOP House member says after meeting
Rep. Young Kim and other House Republicans signal they won’t support a tax bill without a ‘SALT fix.’ That’s significant given the slim majority the GOP has in Congress.
What Is SALT? Trump and Republicans Meet to Discuss Proposed Tax Change
Republicans opposing the state and local tax (SALT) cap will try to make their voices heard as Trump seeks a reconciliation bill.
Trump discusses SALT tax deduction with House Republicans
Over a dozen members from New Jersey, New York and California met with Trump and his staff to discuss the tax, congestion pricing and other issues.
NY, NJ Republicans pushing for SALT deduction cap as high as $100K
New Jersey Rep. Jeff Van Drew said “inflation” has so “ravaged” taxpayers since then that the SALT cap would have to “at least double.”
These Republicans are ready to derail Trump's tax cuts over the SALT cap
President-elect Donald Trump's signature tax cut bill could hinge on a House Republican fight over state and local tax deductions.
What raising the SALT cap limit would do for taxpayers
Lawmakers from blue states are calling on President-elect Donald Trump to raise state and local tax (SALT) cap limit.
The $10,000 SALT Cap Is Likely Dead. What Will the New Cap Be?
Blue-state Republicans have the numbers to shape policy in the House, and they are hunting for a tax deal ...
What is the SALT cap? What could happen in 2025 and what it means for you
Renewed questions surrounding the future of the SALT cap surfaced over the weekend as a meeting with President-elect Donald ...
Blue states will have green light to raise taxes if SALT cap is lifted, charges former GOP tax-writing chair
The architect of Donald Trump’s 2017 tax law pushed back Wednesday on calls to lift the cap on state and local tax deductions ...
Senate GOP rejects House conservative pitch on corporate tax rates
House conservative proposals to raise corporate taxes to offset the cost of President-elect Trump’s tax package are going ...
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Ryan keeps push to end tax cap on federal program
U.S. Rep. Pat Ryan has continued his attempt to end a cap on a federal tax program. Ryan, D-Gardiner, and a group of ...
SALT in Tax Reform’s Wounds
Raising the $10,000 cap on the state and local deduction is bad tax policy and could be bad politics too.
House Budget Republicans eye more than 200 spending cuts, tax changes for major bill
Republicans on the House Budget Committee are considering more than 200 potential budget cuts, tax breaks, tariffs and ...
Democrats torch GOP lawmakers, Trump for lack of progress on SALT deduction
House Minority Leader Hakeem Jeffries said blue state Republicans are failing to restore the popular state and local tax deduction or dramatically raise the cap they imposed in the 2017 Trump tax ...