Trump, tax deduction
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Congresswoman Rosa DeLauro and Yale New Haven Health are criticizing President Trump's One Big Beautiful Bill Act, claiming that it will have a dire impact on seniors, while Republicans say the claims are misleading.
What the deduction does is all in the name. It allows taxpayers to deduct what they owe in state and local taxes from their federal income taxes. The OBBBA raises the cap on how much taxpayers can claim under the SALT deduction.
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