House GOP tax bill calls for ‘SALT’ deduction cap of $30,000 for most taxpayers. Here's who could benefit

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House GOP tax bill calls for ‘SALT’ deduction cap of $30,000 for most taxpayers. Here's who could benefit

cnbc.com/2025/05/12/house-gop-tax-bill-salt-deduction.html

House Republicans are calling for a higher limit on the deduction for state and local taxes, known as SALT, as part of President Donald Trump's tax and spending package.
The House Ways and Means Committee, which oversees tax, released the full text of its portion of the bill on Monday…

This story appeared on cnbc.com, 2025-05-12 19:09:21.