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 ...

While a federal SALT cap is hotly debated, capping deductibility at $10,000 was an unambiguously good idea at the state level ...

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 ... deduction. The impact is even more ...

The tax bill passed by the House of Representatives on May 22, called the “One Big Beautiful Bill Act,” has more than 1,000 ...

Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...

Some Republicans are once again targeting a cap on deductions for state and local taxes, aka SALT. The SALT deduction cap affects high-tax states like New York and California significantly.

If passed by the Senate, the new expanded SALT cap would benefit millions of big earners in high-tax states, including New ...

Republican lawmakers in the House appeared to have reached a new agreement late Tuesday on the state and local tax deduction, ...

That may further fuel the intraparty battle over the SALT deduction between GOP lawmakers from high-tax blue states, such as California and New ... The cap had an even greater impact on taxpayers in ...