House Panel Plans to Raise SALT Deduction Cap for Members in Blue States
House Republicans are proposing to raise the state and local tax (SALT) deduction cap to $30,000, up from its current rate of $10,000. The move was announced on Monday by the House Ways and Means Committee, chaired by Rep. Jason Smith, R-Mo. The deduction would apply to single and joint filers who make $400,000 or…
Jacob Adams