Lauren Schwahn

3 weeks ago | fresnobee.com | Lauren Schwahn

By Lauren Schwahn, NerdWalletHouse Republicans passed President Donald Trump's "one big, beautiful bill" on May 22. This meaty budget reconciliation bill includes a provision to increase the state and local tax, or SALT, deduction limit. If the changes make it through the Senate, certain taxpayers could see big tax breaks. What is the SALT cap? The SALT deduction is a tax break that allows people who itemize to deduct certain taxes from their federal taxable income.

3 weeks ago | courant.com | Lauren Schwahn

By Lauren Schwahn, NerdWalletHouse Republicans passed President Donald Trump’s “one big, beautiful bill” on May 22. This meaty budget reconciliation bill includes a provision to increase the state and local tax, or SALT, deduction limit. If the changes make it through the Senate, certain taxpayers could see big tax breaks. What is the SALT cap? The SALT deduction is a tax break that allows people who itemize to deduct certain taxes from their federal taxable income.

4 weeks ago | wataugademocrat.com | Lauren Schwahn

This meaty budget reconciliation bill includes a provision to increase the state and local tax, or SALT, deduction limit. If the changes make it through the Senate, certain taxpayers could see big tax breaks.

4 weeks ago | voiceofalexandria.com | Lauren Schwahn

This meaty budget reconciliation bill includes a provision to increase the state and local tax, or SALT, deduction limit. If the changes make it through the Senate, certain taxpayers could see big tax breaks. What is the SALT cap? The SALT deduction is a tax break that allows people who itemize to deduct certain taxes from their federal taxable income. Eligible deductions include property taxes and a choice of state and local sales taxes or state and local income taxes.

4 weeks ago | rochsent.com | Lauren Schwahn

House Republicans passed President Donald Trump’s “one big, beautiful bill” on May 22. This meaty budget reconciliation bill includes a provision to increase the state and local tax, or SALT, deduction limit. If the changes make it through the Senate, certain taxpayers could see big tax breaks.