Stay updated with breaking news from Salt Cap. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
House Republicans lack unanimous support for legislation to extend the Trump tax cuts because a chunk of GOP lawmakers is objecting to a key provision that limits state and local tax deductions.
Malinowski will support the Democrat bill that doesn't eliminate the SALT cap, despite saying he wouldn't support any bill that doesn't.
Efforts to lift the cap for property tax deductions on your federal income tax return have resumed
Alabama Legislature unanimously enacted elective pass-through entity tax PTE Tax last year as workaround to the so-called SALT Cap, which was part of the Tax Cuts and Jobs Act of 2017. The SALT Cap limits the deductibility of state and local taxes to $10,000 annually.
Alabama Legislature unanimously enacted elective pass-through entity tax PTE Tax last year as workaround to the so-called SALT Cap, which was part of the Tax Cuts and Jobs Act of 2017. The SALT Cap limits the deductibility of state and local taxes to $10,000 annually.