Senate proposes big change to Social Security, SALT income tax deduction

Seniors may get more deductions next year. Tax experts weigh in on what's likely to survive.

Jun 19, 2025 - 06:30
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Senate proposes big change to Social Security, SALT income tax deduction

The Senate Finance Committee this week unveiled its proposed tax provisions for inclusion within the finances reconciliation bill for the time being beneath consideration in Congress.

The Dwelling of Representatives passed its model of the bill, H.R. 1, normally known because the One Big Lovely Invoice Act, in May.

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