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Ciattarelli hit back, accusing Sherrill of siding with policies that raise taxes on working families, seniors, and small ...
Lifting the SALT cap — which limits the total state and local taxes, including, notably, property taxes, that tax filers can deduct on their federal income-tax returns — for only those earning ...
The state and local tax deduction has always been a political flashpoint, but its impact goes far beyond politics.
A new $40K SALT cap could deliver long-awaited tax relief to homeowners in high-cost states like NJ, NY, and CA by cutting their tax burden.
THE FINE PRINT The SALT income tax deduction cap was increased to $40,000 in Trump’s bill. Should you take it? You can deduct your state and local taxes from your taxable federal income, but ...
Progressives reflexively denounce tax cuts and spending cuts as “giveaways to the wealthy” or “stealing from the poor.” So, ...
The proposed House GOP tax bill raises ‘SALT’ deduction cap to $30,000 for most taxpayers. Here’s who would benefit the most, experts say.
Presumably, these areas will benefit the most from the SALT deduction cap increase. “The winners of this deduction will most definitely be the middle- to upper-middle-class earners of high-tax states, ...
If you're suitably wealthy, you can avoid the SALT cap through the use of non-grantor trusts. Let's assume you have a multimillion-dollar home and owe $30,000 in property taxes.
In urging repeal of the $10,000 cap on the deduction for state and local taxes (SALT), Rep. Tom Suozzi writes, “For 100 years, Americans relied on this deduction” (Letters, Aug. 22).