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Who Wins From Trump’s $40,000 SALT Deduction Limit Hike?

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Who Wins From Trump’s $40,000 SALT Deduction Limit Hike

The new State and Local Tax (SALT) Deduction provisions, which will come into effect in 2025, have had a major impact on the US tax system. In the past, the limit of deductions under the SALT was restricted to 10000 dollars, but currently it is 40000 dollars. This was modified through One Big Beautiful Bill … Read more

Trump’s Tax Update: SALT Deduction Raised to $40,000 – Here’s Who Gains

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Trump’s Tax Update SALT Deduction Raised to $40,000 – Here’s Who Gains

The US tax system has undergone a major change. One of the key updates from former President Donald Trump’s tax reforms is back in the news—raising the SALT deduction limit to $40,000. This change not only brings relief to taxpayers but also has a profound impact on America’s economic and political direction. Let’s explore in … Read more