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 ...

Moderate House Republicans from high-tax blue states and the Trump administration are zeroing in on an agreement for the state and local tax (SALT) deduction cap, which has been one of the key ...

Speaker Mike Johnson (R-La.) and Treasury Department Secretary Scott Bessent said negotiations over the state and local tax (SALT) deduction cap are “very, very close” to a conclusion, a ...

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

Under the proposal, the SALT deduction cap would rise from $10,000 to $40,000 beginning in 2025. The cap would increase to $40,400 in 2026 and would continue to rise by 1% per year through 2029.

Moderate House Republicans from high-tax blue states and the Trump administration are zeroing in on an agreement for the state and local tax (SALT) deduction cap, which has been one of the key hang… ...

At the $500,000 and above level, the taxpayer reverts to a maximum SALT deduction of $10,000. House Proposal Passed ...