News

Republicans weigh a $40K cap on SALT deduction, which would help NJ homeowners
The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000 ...
Republicans close in on deal for $40K SALT cap
Although the deal is not done yet, House Speaker Mike Johnson and a group of GOP lawmakers mostly from the New York suburbs ...
Who benefits most from the state and local tax deduction and why raising the cap is contentious
Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers.
GOP House passes Trump’s sprawling budget bill, hikes SALT cap to $40K
The narrow win for the bill, which hikes the deduction for state and local taxes to $40,000, came after Speaker Mike Johnson ...
Raw Story on MSN12d
GOP leaders find $40K sweetener in bid to sway budget holdouts
In an effort to save President Donald Trump's "big, beautiful bill," House Republicans have put a new "heightened ...
Long Island Press5d
House Republicans advance tax bill with $40K SALT cap
Republicans brokered a deal for the tax bill after division on raising the SALT deduction cap from $10,000. Democrats call ...
Republicans propose $40K SALT deduction cap: What it means for NY
With President Donald Trump’s limit on state and local income tax (SALT) reductions expiring, New Yorkers could soon see an increased cap. Republicans this week reached a ...