Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the ...

By increasing the State and Local Taxes (SALT) deduction cap from $10,000 to $40,000, the bill seeks to provide taxpayers ...

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

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

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

Federal taxpayers in fiscally responsible states were subsidizing the excesses of states that refused to rein in their own ...

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

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

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

Breaking that out more, 20% of taxpayers in California’s 40th Congressional District — represented by Kim, it covers eastern ...

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

A bit of late-surfacing fine print might yet throw negotiations over President Donald Trump’s Big Beautiful Bill into chaos, ...