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 ...

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

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

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers.

Prior to 2017, there was no limit to SALT deductions, which generally benefit taxpayers in high-tax states — including California, New Jersey and New York — and wealthier people. But a 2017 ...

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

The 'One Big Beautiful Bill Act' aims to increase the SALT deduction cap from $10,000 to $40,000, promising relief for ...

The version passed by the House increases that deduction limit to $40,000. The increase was a big point of contention for ...