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Senate Republican tax bill passes 'SALT' deduction cap of $40,000. Here's who would benefit.
The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually ...
Senate reverses course and makes SALT plentiful again in tax bill. Why this matters.
Senate make a 180-turn, raising the SALT cap and reviving a loophole that allow rich Americans in high-tax states save money, experts say.
Trump Said ‘No Tax on Social Security.’ The Tax Bill Comes Closer to It.
The bill that passed the Senate includes a $6,000 senior tax deduction, compared with the House’s $4,000 deduction.
A bigger tax break could be ahead for many people 65 and older: How it could work
How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's ...
'SALT' deduction in limbo as Senate Republicans unveil tax plan for Trump's spending package
Before 2018, the tax break — including state and local income and property taxes — was unlimited for filers who itemized ...
Ask the Editor, June 20: Questions on Tax Deductions and IRAs
In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers four questions on deductions, tax ...
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Do Renters Get Tax Deductions or Credits This Tax Season?
Do states offer any tax deductions, credits or rebates? While there may not be much you can do on your federal taxes to offset your rental payments, your state tax return may differ.