A new provision in the House tax plan would significantly increase the State and Local Tax (SALT) deduction cap from the ...

The SALT deduction allows taxpayers who itemize their federal returns to deduct certain taxes paid to state and local ...

However, the House proposal for changes to the SALT deduction could still face pushback in the Senate. Before TCJA, the SALT deduction was unlimited, but the so-called alternative minimum tax ...

The One Big Beautiful Bill Act, recently signed into law by President Donald Trump, contains some measures that could help ...

Taxes should go down for the average Long Islander under the new federal megabill, tax analysts told Newsday, with the ...

Kevin Cramer (R-N.D.), who was at the gathering, said the proposal would make the SALT deduction cap $40,000 for five years, then $10,000 for the following five years.

At the $500,000 and above level, the taxpayer reverts to a maximum SALT deduction of $10,000. House Proposal Passed. The SALT cap that was passed by the House, however, ...

There was no cap to the SALT deduction before a limit of $10,000 was imposed as part of the 2017 Tax Cuts and Jobs Act. Critics say the cap has targeted — and hurt residents in — often ...

The Senate's version of the One Big Beautiful Bill takes the shine off some of Trump's most popular promises. Here's why.

The highest average property taxes in Morris County were in Mountain Lakes Borough at $22,996, while Sparta Township topped ...

Kevin Cramer (R-N.D.), who was at the gathering, said the proposal would make the SALT deduction cap $40,000 for five years, then $10,000 for the following five years.

Kevin Cramer (R-N.D.), who was at the gathering, said the proposal would make the SALT deduction cap $40,000 for five years, then $10,000 for the following five years.