House tax writers eye SALT deduction cap rejected by key lawmakers last week
May 12, 2025 - 19:00
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The House Ways and Means Committee is eyeing a plan to increase the state and local tax (SALT) deduction cap by $30,000 for single and joint filers who make $400,000 or less a year, even after key lawmakers vocally rejected that proposal last week. The idea, which four sources confirmed to The Hill, was discussed…