The One Big Beautiful Bill (OBBB) signed by President Donald Trump has introduced significant tax changes, notably increasing ...

Ciattarelli hit back, accusing Sherrill of siding with policies that raise taxes on working families, seniors, and small ...

The state and local tax (SALT) deduction lets taxpayers write off certain state and local taxes from their federal taxable income. Under the One Big Beautiful Bill Act, signed into law by President ...

The $10,000 cap on SALT deductions was levied in 2017 as part of the Tax Cuts and Jobs Act spearheaded by the first Trump administration. The cap is set to expire at the end of the year.

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.

Our party has always stood for lower taxes and a fair, commonsense tax code,” said Kim and Rep. Andrew Garbarino, R-New York, in a joint statement Thursday. “We worked in good faith with House ...