House lawmakers on Thursday morning passed changes for the federal deduction for state and local taxes, known as SALT, as ...

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 and a high-income tax rate layered on top, New York residents ...

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

The push to restore the SALT deduction could force low-tax states like Florida to subsidize high-tax states, benefiting wealthy taxpayers at the middle class's expense.

The tax bill passed by the House of Representatives on May 22, called the "One Big Beautiful Bill Act," has more than 1,000 pages of tax-related changes, including several breaks for high earners.

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

The SALT deduction cap should be $0. People should not be able to deduct their state and local tax burdens from their federal ...

As reported on May 16, 2025, the SALT cap proposal contained in the legislation that was pending in the U.S. House of ...

SALT today is portrayed as a subsidy to high-tax states and as regressive in that it disproportionately benefits higher-income households, Thorndike noted. In 2020, the SALT deduction was claimed ...