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As Senate Republicans release key details of President Donald Trump’s spending package, some provisions, including the federal deduction for state and local taxes, known as SALT, remain in limbo ...
What’s happening in 2025 regarding SALT deductions? Right now, SALT deduction are capped at $10,000. That cap was put in place in 2017, and it’s set to end after 2025, unless Congress decides ...
Goldman Sachs analysis finds higher SALT deduction caps unlikely to prevent high-income households from moving from high-tax states to low-tax states amid rising interstate migration.
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