Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the ...

A U.S. House bill proposes raising the federal deduction cap for state and local taxes (SALT) to $40,000, potentially ...

Federal taxpayers in fiscally responsible states were subsidizing the excesses of states that refused to rein in their own ...

Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the country ... out the deduction. The impact is even more dramatic ...

While a federal SALT cap is hotly debated, capping deductibility at $10,000 was an unambiguously good idea at the state level ...

Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...

If passed by the Senate, the new expanded SALT cap would benefit millions of big earners in high-tax states, including New ...

Breaking that out more, 20% of taxpayers in California’s 40th Congressional District — represented by Kim, it covers eastern ...

The version passed by the House increases that deduction limit to $40,000. The increase was a big point of contention for ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers.

The issue pits Republicans from high ... tax states against fiscal hardliners. The future of President Donald Trump's "One Big Beautiful Bill" that would fund his second-term agenda could depend ...

Raising the current $10,000 cap on the State and Local Tax (SALT) deduction would primarily benefit high earners ...