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One Big Beautiful Bill Locks in Tax Cuts, Tweaks SALT and Adds New Deductions
The One Big Beautiful Bill (OBBB) cements many individual tax provisions from the 2017 Tax Cuts and Jobs Act (TCJA) including permanent lower income tax rates and a doubled standard deduction. The bill passed on July 3 and is expected to be signed by President Donald Trump by July 4.
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The One Big Beautiful Bill Act is temporarily quadrupling the state and local tax deduction to at least $40,000, up from ...
From increased deductions on mortgage interest to more incentives for low-income housing construction, the 'Big Beautiful ...
I’m not asking for handouts,” writes Kiley Wren Ryan. “I’m asking for a fair shot. For dignity. For a system that doesn’t ...
President Donald Trump's "big beautiful bill" increases the SALT deduction limit to $40,000 for 2025. However, there's a phaseout, or benefit reduction, between $500,000 and $600,000 of income ...
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