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 ...

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

Bergen County's highest average property taxes ranged from $19,297 to $24,736, while Passaic County's ranged from $11,007 to ...

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

Here is what President Donald Trump's massive tax and spending bill could mean for the U.S. economy and your finances.

As Congress raced to send the One Big Beautiful Bill Act to President Donald Trump before the Fourth of July, Erin Murphy ...

The SALT deduction is limited to those making less than $500,000 per year, which includes roughly 98% of taxpayers. According ...

Higher federal income tax offsets for state and local tax payments have morphed into a mostly upper-middle-class political ...

The federal state and local sales tax (SALT) deduction cap is higher this year, and could translate into bigger savings for ...

What the deduction does is all in the name. It allows taxpayers to deduct what they owe in state and local taxes from their federal income taxes. The OBBBA raises the cap on how much taxpayers can ...

A new law raising the SALT deduction cap from $10,000 to $40,000 is poised to ease the tax burden on thousands of New Jersey ...