As the Senate debates President Donald Trump’s giant tax bill, the One Big Beautiful Bill Act, which includes trillions of dollars in tax breaks, some small-business owners are worried they might miss out on a popular deduction for state and local taxes (the SALT deduction), which is commonly referred to by its acronym.

The debate over SALT was one of the sticking points that delayed passage of the bill in the House.

The current version of the House Republican-sponsored tax bill would raise the federal deduction limit for state and local taxes from $10,000 to $40,000, which would phase out when income hits $500,000.

The bill would also increase the qualified business income (QBI) deduction, set to expire in 2025, from 20% to 23% starting in 2026, and make it permanent. The QBI deduction

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