One Big Beautiful Bill, American Jobs Act
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4don MSN
The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from $10,000, for the next five years. Now it’s up to taxpayers to see if they can take advantage of this extra write-off, which is popularly referred to as the SALT deduction.
Proposed changes have reportedly angered some House Representatives, and differing views on the legislation could make passing Trump's bill difficult.
7don MSN
President Donald Trump’s ‘big beautiful bill’ delivers a temporary higher limit on the federal deduction for state and local taxes, known as SALT.
WSJ subscribers asked about what the bill means for SALT, electric vehicles, estate taxes, Social Security, Medicare and more.
Senior Congress and Campaigns Reporter Riley Beggin breaks down the signature policy changes laid out in the recently passed GOP budget.