Economics ❯ Taxation

Deductions

State and Local Taxes State and Local Tax Deduction SALT Deduction Income Limits Social Security Benefits Gambling Industry Standard Deduction Startup Expenses Local Tax Deductions Interest Rates SALT Cap

GOP Leaders Propose Five-Year $40,000 SALT Cap in Tax Bill

Senate Republicans who oppose a higher deduction must sign off before the chamber can advance President Trump’s tax package

Senate Republicans Plan to Lower SALT Deduction Cap, Prompting House Revolt