Topic: State And Local Taxes

1 chapters across the catalog

Boomer Benefits
Episode 1775 1:07:27 - 1:09:59

1775: Boomer Benefits

SALT Deduction, Mike Johnson Tax Bill

Negotiations over the "Big Beautiful Bill" center on the State and Local Tax (SALT) deduction limit. Speaker Mike Johnson is reportedly pushing to raise the deduction cap from $10,000 to $40,000, while the Senate prefers to maintain the current limit. The hosts suggest a compromise at $20,000 is likely as the deadline for the bill approaches.