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re: Expiration of “Trump” tax cuts

Posted on 5/3/24 at 2:06 pm to
Posted by slackster
Houston
Member since Mar 2009
85485 posts
Posted on 5/3/24 at 2:06 pm to
quote:

According to the IRS site the personal exemption was only suspended and returns in 2026.


Ah, you’re correct. Good catch.

SALT cap would be removed, but QBI would go too.
Posted by Teddy Ruxpin
Member since Oct 2006
39645 posts
Posted on 5/3/24 at 11:19 pm to
quote:

SALT cap would be removed


This is why Democrats would probably not support it. SALT deductions are big in high tax states, so for their voter interests it's their calculation that letting taxes go up by letting those sunset, BUT also getting the SALT back is a net win for them.
This post was edited on 5/3/24 at 11:19 pm
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