SALT, state and local taxes, Republican Tax Plan May, Deep Dive by katie st ores
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SALT, state and local taxes, Republican Tax Plan May, Deep Dive by katie st ores
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SALT Cap TRIPLED? New GOP Tax Plan Revealed! ($30k Limit Explained) | Deep Dive
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#SALTcap #TaxPlan #TaxNews #katie_st_ores
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Big news out of Washington today, May 12, 2025! House Republicans just dropped updated details on their major tax plan, including a proposal to TRIPLE the State and Local Tax (SALT) deduction cap from $10,000 to $30,000 for most taxpayers (with income limits).
Join Katie St Ores on Deep Dive as we break down what this proposed change really means, who it affects (especially those in high-tax states!), the income caps involved ($400k/$200k), and the political hurdles it faces within the GOP itself. Is this the final deal, or just the beginning of the negotiation? We'll discuss the details, the controversy, and how this fits into the larger picture of extending the 2017 Trump tax cuts set to expire.
Stay informed on the latest financial and political developments impacting your wallet!
New $30,000 SALT Cap Proposed by House GOP: What You Need to Know | Deep Dive
Republicans Unveil Tax Plan: SALT Deduction Increase & TCJA Extension Details | Deep Dive
BREAKING: SALT Cap Hike to $30k in New Tax Proposal (May 12 News) | Deep Dive
Understanding the New GOP Tax Plan & $30k SALT Cap Increase | Deep Dive