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Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the ...
Recent SALT deduction changes mainly benefit married couples in high-tax states, raising questions about fairness and ...
Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...
The tax bill passed by the House of Representatives on May 22, called the “One Big Beautiful Bill Act,” has more than 1,000 ...
The budget bill passed by the House includes a provision to quadruple the state and local tax deduction, a boon for some ...
If passed by the Senate, the new expanded SALT cap would benefit millions of big earners in high-tax states, including New ...
Raising the current $10,000 cap on the State and Local Tax (SALT) deduction would primarily benefit high earners ...
The version passed by the House increases that deduction limit to $40,000. The increase was a big point of contention for ...
The future of President Donald Trump's "Big Beautiful" federal spending bill could come down to SALT tax deductions.
SALT allows taxpayers to deduct state and local taxes, including property tax, from their federal tax bill if they itemize ...
The state and local tax deduction is up for consideration again on Capitol Hill. What does it mean for you and your property taxes?
Congressional Republicans are moving quickly to pass a mammoth tax and spending cuts package that could have a direct impact ...