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Senate Republican tax bill passes ‘SALT’ deduction cap of $40,000. Here’s who benefits

There’s currently a $10,000 limit on the federal deduction for state and local taxes, known as SALT. As part of President Donald Trump’s megabill, Senate Republicans on Tuesday passed a SALT limit of ...
Washington Examiner

Senate restores key SALT cap workaround for service businesses in GOP tax bill

Senate lawmakers have changed language in the One Big Beautiful Bill Act that would have caused a tax hike for lawyers, accountants, dentists, and other service providers. The move by the Senate is a ...
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Senate panel kills SALT compromise, permanently extends tax cuts in budget bill

(The Center Square) – The U.S. Senate Finance Committee has released some of the final pieces of Republicans' multitrillion-dollar budget reconciliation bill implementing President Donald Trump’s ...
NBC Los Angeles

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

As Senate Republicans debate trillions of tax breaks advanced by the House, some business owners could be blocked from part of the proposed windfall, policy experts say. Stream Los Angeles News for ...
NBC Connecticut

Senate Republicans seek tougher Medicaid cuts, lower SALT deduction in big bill

Senate Republicans on Monday proposed deeper Medicaid cuts, including new work requirements for parents of teens, as a way to offset the costs of making President Donald Trump's tax breaks more ...