The measure is often referred to as the SALT income tax deduction. (SALT stands for “state and local taxes.”) It allows ...

The agreement in July ended eight years of wrangling by New York political leaders, from both parties, who argued that the $10,000 cap on so-called SALT deductions, established in the 2017 Jobs and ...

On July 4, 2025, President Donald Trump signed the reconciliation bill, known as the “Big Beautiful Bill” (“BBB”), which ...

House Republicans are considering raising the SALT deduction cap to $30,000 as part of Trump's tax package. Speaker Mike ...

The federal state and local sales tax (SALT) deduction cap is higher this year, and could translate into bigger savings for ...

Understanding the intricacies of the State and Local Taxes (SALT) deduction is crucial for optimizing your tax strategy. With ...

Higher federal income tax offsets for state and local tax payments have morphed into a mostly upper-middle-class political ...

A new law raising the SALT deduction cap from $10,000 to $40,000 is poised to ease the tax burden on thousands of New Jersey ...

New York homeowners are set to gain from a major SALT deduction overhaul, with the cap rising from $10,000 to $40,000. The ...

What the deduction does is all in the name. It allows taxpayers to deduct what they owe in state and local taxes from their federal income taxes. The OBBBA raises the cap on how much taxpayers can ...

It may end up better to jettison the whole SALT apparatus and settle for the standard deduction.

Hawaii homeowners—especially in high-cost areas like Honolulu and Maui—are poised for tax relief as the SALT deduction cap ...