AICPA Presents Key Recommendations to Senate Finance Committee

June 24, 2025 - 17:19

The AICPA has formally presented a letter to the leadership of the Senate Finance Committee, outlining its endorsements and expressing specific concerns related to the Pass-Through Entity Tax (PTET) and the State and Local Tax (SALT) deduction. In the communication, the organization emphasized the importance of the PTET SALT deduction and urged for a clearer understanding of the proposed SALT changes that are currently under consideration.

Additionally, the AICPA put forth two other significant recommendations aimed at enhancing the effectiveness of the reconciliation bill. These suggestions reflect the organization's commitment to ensuring that tax policies are equitable and beneficial for all stakeholders involved. As discussions around the reconciliation bill continue, the AICPA's insights will be crucial in shaping the final outcome, particularly regarding the implications for taxpayers and the broader economic landscape. The committee's response to these recommendations will be closely watched by various sectors impacted by tax legislation.