News

SALT income tax deduction takes key step forward
A much followed tax break improvement is inching toward becoming a reality. A proposed tweak to the state and local tax (SALT ...
New Jersey Globe5h
In letter, Kim says Kean is breaking promise on SALT
As the Republican-controlled Congress continues to inch toward passing the President Trump-led “One Big Beautiful Bill,” ...
Journal of Accountancy2d
Senate budget bill would preserve PTET SALT deduction
An AICPA statement after the bill was issued by the Senate Budget Committee lauded lawmakers for “diligent work to reject new ...
Trump Speeds Up Tax Bill Deadline as Tentative SALT Deal Reached
President Donald Trump amped up pressure on Congress to speed passage of his tax-cut bill as Republicans reached a tentative ...
NJ, NY lawmakers slam Senate tax bill and its strict SALT deduction cap
The Senate GOP’s sweeping tax bill would keep a popular property tax deduction limited to $10,000, drawing the ire of ...
Cryptopolitan on MSN4d
Trump fast-tracks his tax bill deadline after provisional SALT deal
President Trump on Friday urged Congress to move faster on his tax bill after negotiators reached a provisional agreement on ...
How much can I deduct for my local taxes? Congress just decided
A popular tax break used in high-tax states like New Jersey would be capped under a deal reached over the weekend by ...
SALT, College Tax, Energy: Winners and Losers in New GOP Bill
After weeks of arm-twisting and hand-wringing, Senate Republicans’ new version of their tax-and-spending bill text sets up an ...