New SALT Cap Could Benefit Homeowners in High-Tax States
TL;DR
U.S. House Republicans approved a bill that temporarily raises the SALT deduction limit to $40,000 starting in 2025, benefiting primarily high-income taxpayers in high-tax states, with the cap phasing out for those earning over $500,000 and reverting to $10,000 in 2030.
Topics:nationeconomy#economy#high-income-taxpayers#salt-deduction#tax-bill#tax-policy#trump-legislation
- Trump’s 'big beautiful bill' passes SALT deduction limit of $40,000. Here’s who benefits CNBC
- Where the Megabill Landed on the SALT Deduction WSJ
- New SALT Cap Could Slash Property Tax Pain for Homeowners in These High-Tax States Realtor.com
- How SALT cap has changed in latest version of Trump’s tax bill San Francisco Chronicle
- Some homeowners could see tax breaks if Trump's bill passes Axios
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