Wednesday closed down -1.61%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -1.91%, and the Nasdaq 100 Index ...

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...

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

The budget bill passed by the House includes a provision to quadruple the state and local tax deduction, a boon for some ...

The State and Local Tax (SALT) deduction has been a pivotal aspect of the U.S. tax system, especially impacting taxpayers in ...

House Republicans passed a bill to raise the ‘SALT’ deduction cap to $40,000. Here’s who would benefit from the change.

The Republican-led U.S. House of Representatives passed a bill on Thursday that would allow a deduction of up to $40,000 on federal returns for state and local taxes, known as SALT. A previous ...

One of the more contentious issues has been how to address the $10,000 SALT cap. Lawmakers from high tax states (including New York, New Jersey, and California) believed they had the upper hand in ...

This has seemingly been forgotten in the ongoing debate about state and local taxes (SALT), and the deduction of those payments against federal taxes paid. It’s a reminder that when the Tax Cuts ...

As "One Big Beautiful Bill Act" is expected to reduce taxes, experts argue whether it will cater to the value or growth ...