Senate Republican tax bill passes 'SALT' deduction cap of $40,000. Here’s who benefits

Senate Republicans on Tuesday passed changes to the federal deduction for state and local taxes, known as SALT, as part of President Donald Trump’s multitrillion-dollar spending bill

Jul 2, 2025 - 00:30
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Senate Republican tax bill passes 'SALT' deduction cap of $40,000. Here’s who benefits
Senate Republicans on Tuesday passed changes to the federal deduction for state and local taxes, known as SALT, as part of President Donald Trump’s multitrillion-dollar spending bill

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