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One Big Beautiful Bill Locks in Tax Cuts, Tweaks SALT and Adds New Deductions
The One Big Beautiful Bill (OBBB) cements many individual tax provisions from the 2017 Tax Cuts and Jobs Act (TCJA) including permanent lower income tax rates and a doubled standard deduction. The bill passed on July 3 and is expected to be signed by President Donald Trump by July 4.
Final tax reform bill preserves SALT and PTET deductions for traders and professionals, avoiding SSTB carve-outs and ensuring ...
The final version of President Trump’s hallmark tax-and-spend legislation delivers significant tax advantages to some ...
Different provisions of the GOP tax and spending bill will kick in over the next year or so. Many are set to expire just ...
The $4.5 trillion spending bill includes a revamped Opportunity Zones program and expands Low-Income Housing Tax Credits.
The current $40,000 SALT cap that was brokered appears likely to stay as any changes would undoubtedly cost votes from the ...
Senate make a 180-turn, raising the SALT cap and reviving a loophole that allow rich Americans in high-tax states save money, ...
The SALT deduction cap is proving to be a major sticking point between House and Senate Republicans. Experts say expanding ...
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