President Donald Trump's "big beautiful bill" increases the SALT deduction limit to $40,000 for 2025. However, there's a phaseout, or benefit reduction, between $500,000 and $600,000 of income. Those ...
Representative Elise Stefanik of New York, a member of House leadership, said in a post on X on Tuesday she is “looking forward to the conversation about SALT with NY Members tomorrow,” but didn’t ...