Spending bill includes increase to SALT deduction cap

From taxes to health care to immigration, Trump's 'big, beautiful bill' will have big impact on Long Island

So far, attention locally has focused on a boost in the SALT deduction to $40,000.

How manufacturers will benefit from Trump’s big bill

Among the big winners with President Trump's bill are corporations and small businesses. The bill would make permanent the tax breaks from his first term, expand provisions on expenses and itemizations and allow companies to deduct the cost of new manufacturing plants. For a business perspective, William Brangham spoke with Jay Timmons of the National Association of Manufacturers.

Spending bill includes increase to SALT deduction cap

A provision in the tax and spending bill passed Thursday in the U.S. House could quadruple a key tax deduction for property owners.

Trump’s 'big beautiful bill' passes SALT deduction limit of $40,000. Here’s who benefits

President Donald Trump’s "big beautiful bill" raises the SALT deduction cap to $40,000. Here's who will benefit.

High-Tax States Celebrate Trump’s SALT Relief

President Trump’s sweeping tax reform package, the “Big Beautiful Bill,” has officially passed the House and is set to provide significant tax relief, particularly for residents in high-tax states. At the heart of this legislation is a substantial increase in the State and Local Tax (SALT) deduction, promising to put more money back in the pockets of millions of American taxpayers. Understanding the SALT Deduction The SALT deduction allows taxpa…