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Donald Trump, SALT and tax deduction

Orange County Register · 17h

The fight over a SALT tax cap deal that would help Californians hits a snag

The high-tax states aren’t represented by Republicans in the Senate, and the bill is predicted to be extremely costly.

Bloomberg on MSN · 23h

Trump Said to Be Open to Lowering SALT Cap in GOP Tax Bill

President Donald Trump told Senate Republicans he is open to a state and local tax deduction cap lower than the $40,000 in the House-passed version of his giant tax bill, a person familiar with the matter said.

USA TODAY on MSN · 1d

Senate Republicans plan to amend SALT tax deduction in Trump's sweeping bill

The tax deduction was crucial to getting the bill through the House. Senate action would set up a showdown with blue state Republicans.

Independent Journal Review1h

‘Will Not Accept It’: House Conservatives Draw Line In The Sand As Senate Reviews ‘Beautiful’ Bill

The conservative House Freedom Caucus (HFC) is drawing a line in the sand against hypothetical Senate changes to weaken or ...

NBC Los Angeles2d

Trump's tax bill could end popular ‘SALT' deduction workaround for certain business owners

The bill would also boost a tax break for pass-through businesses, known as the qualified business income, or QBI, deduction, to 23%. But the measure would end a popular state-level SALT cap ...

Journal of Accountancy8h

53 CPA societies back AICPA in PTET SALT deduction effort

A letter from the AICPA and CPA societies in 53 states and jurisdictions criticizes the provision in the House version of the ...

1don MSN

Senate weighs unraveling House’s ‘big, beautiful’ deal on the SALT deduction

Senate Republicans plan to lower the SALT cap, which limits how much earners can deduct for state and local taxes.

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