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Trump, SALT and big beautiful bill

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 taxes, known as SALT. But the phaseout, or income-based benefit reduction, could trigger a tax surprise for some higher earners, experts say.

MarketWatch on MSN · 21h

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 $10,000, for the next five years. Now it’s up to taxpayers to see if they can take advantage of this extra write-off, which is popularly referred to as the SALT deduction.

The Washington Post on MSN · 2d

Trump’s tax law includes a $40,000 SALT cap. Here’s who qualifies.

The new GOP tax law quadruples how much people can deduct in state and local taxes off their federal returns, offering significant relief to high earners in many Democratic-led states by partially undoing a big change in President Donald Trump’s 2017 law.

SALT, new tax

MarketWatch on MSN · 1d

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.

Inc.com on MSN · 1d

Why Small Businesses Should Care About the SALT Tax

The latest SALT deduction change could mean thousands in tax savings for small businesses. But it’s won’t be a permanent staple.

AOL · 2d

SALT deduction cap boosted to $40,000 — here’s who stands to get the biggest tax break

The new tax law hiked the SALT deduction cap to $40,000. That’s good news for taxpayers in high tax states, but it’s a temporary boost.

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 ...

1mon

Goldman Sachs: Wealthy Americans to continue exodus from high-tax states even with higher SALT deduction

Goldman Sachs analysis finds higher SALT deduction caps unlikely to prevent high-income households from moving from high-tax states to low-tax states amid rising interstate migration.

Long Island Press3d

SALT deduction grows to $40K, stirring debate among Long Island reps

After years of debate, the U.S. House of Representatives passed a bill that raises the cap on the state and local tax ...

Daily Breeze1dOpinion

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 ...

How the Big Beautiful Bill offers tax relief for homeowners in Southern California

Under the bill, the SALT cap temporarily increases to $40,000 per year, so long as your annual income does not exceed ...

MiBolsilloColombia on MSN2d

Trump's SALT deduction limits may drag more earners into AMT liability

Trump’s ‘One Big Beautiful Bill Act’ could unintentionally push more taxpayers into the AMT, especially in high-tax states, ...

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