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Senate make a 180-turn, raising the SALT cap and reviving a loophole that allow rich Americans in high-tax states save money, experts say.
A much followed tax break improvement is inching toward becoming a reality. A proposed tweak to the state and local tax (SALT ...
The bill aims to extend the income-tax cuts from the 2017 tax law while widening the state and local tax deduction.
A popular tax break used in high-tax states like New Jersey would be capped under a deal reached over the weekend by ...
As federal aid ends and economic uncertainty grows, local governments face tough budget choices. Now is the time for ...
An AICPA statement after the bill was issued by the Senate Budget Committee lauded lawmakers for “diligent work to reject new ...
Notably, by changing the bill, the total Senate bill will cost $37 billion more than it would have, according to the Joint Committee on Taxation.
The Senate GOP’s sweeping tax bill would keep a popular property tax deduction limited to $10,000, drawing the ire of ...
The Reconciliation Bill being debated in the Senate contains many tax provisions beyond extending portions of the Tax Cuts ...
President Trump on Friday urged Congress to move faster on his tax bill after negotiators reached a provisional agreement on ...
Moderate House Republicans from high-tax blue states and the Trump administration are zeroing in on an agreement for the ...