Savvy Senior: What’s the federal income tax threshold?
Whether you are required to file a federal income tax return this year will depend on how much you earned last year, plus a ...
NY lawmakers Gillibrand, Suozzi, LaLota vow to use their clout to tackle SALT tax cap, fiscal issues
Gillibrand, LaLota, Suozzi say lifting the $10,000 federal income tax cap on state and local tax deductions, or SALT, is the ...
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2025 Federal Tax Brackets: Your Paycheck May Be Bigger. Here's Why
Your take-home pay may have gotten a bump now that the Internal Revenue Service updated the income tax brackets and standard ...
What Is SALT, the Tax Deduction Dividing Congress?
For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state ...
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Summary of Tax Proposals in Leaked Document Detailing Policy Proposals
On January 17, 2025, news sources reported that Republican members of Congress circulated a detailed list of legislative ...
Only in Washington could this fiscal vandalism be called tax ‘relief’
The 2017 tax reform capped at $10,000 the amount of state and local tax (SALT) payments that can be deducted from federal ...
SALT cap repeal, offshore wind energy among top LI priorities, business group tells Trump
Repeal of federal cap on state and local tax deductions, offshore wind support among top local priorities, Long Island Association writes in a letter to President Trump.
Trump wants to close the carried interest tax loophole, a longtime target of Democrats
The Trump administration's list of tax priorities includes eliminating a loophole that benefits private equity firms, hedge ...
What Is SALT, the Tax Deduction Dividing Congress?: QuickTake
President Donald Trump’s 2017 tax law capped the SALT deduction at $10,000. At the outset of his second presidency, raising ...