SALT deduction cap temporarily raised from $10,000 to $40,000. PTETs allow businesses to bypass federal deduction limits. OBBBA permanently instates the 20% qualified business income deduction. Tax ...
House and Senate agree on a $40,000 SALT cap for 2025 and maintain full PTET deduction access. In a fast-track move to finalize tax reform before the July 4 recess, the House on July 3 passed the ...
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