SALT

Now that the House of Representatives has passed its version of the Fiscal Year (FY) 2025 reconciliation bill – the One Big Beautiful Bill Act (OBBBA)...

Raising the current $10,000 cap on the State and Local Tax (SALT) deduction would primarily benefit high earners . Further increasing the cap above...

The House reconciliation bill extends the cap on the state and local tax (SALT) deduction, raising it to $30,000 for taxpayers making less than $400...

The Ways and Means Committee has jurisdiction over nearly $50 trillion of spending and tax breaks that can be tapped for reconciliation, including...

The Tax Policy Center (TPC) recently published analyses of several options to raise the $10,000 State and Local Tax (SALT) deduction cap, which is set...

According to press reports, policymakers are considering changes to the $10,000 state and local tax (SALT) deduction cap as part of their efforts to...

Extending the individual and estate provisions from the Tax Cuts and Jobs Act (TCJA) expiring at the end of next year without offsets would add $3.9...

Some policymakers have suggested allowing the $10,000 cap on the State and Local Tax (SALT) deduction to expire as scheduled at the end of 2025. We...

So far, nearly every proposal introduced or suggested to change the state and local tax (SALT) deduction cap would be unnecessarily costly and...

To avoid cutting taxes for households making over $1 million, some politicians have suggested eliminating the State and Local Tax (SALT) deduction cap...

Last month, we showed that the House-passed Build Back Better Act would cut taxes for roughly two-thirds of those earning more than $1 million per...

Several senators are apparently pursuing " revenue neutral" state and local tax (SALT) deduction cap relief, meaning the cost of increasing the SALT...