For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state and local governments from their taxable income. This federal deduction for state and local taxes — the SALT deduction,

Although the deal is not done yet, House Speaker Mike Johnson and a group of GOP lawmakers mostly from the New York suburbs reportedly say they agreed on the basic parameters of a deal for a new

U.S. Rep. Elise Stefanik said she was the “deciding vote” on a megabill that quadrupled the maximum state and local tax deduction.