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

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

A U.S. House bill proposes raising the federal deduction cap for state and local taxes (SALT) to $40,000, potentially ...

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

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...

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

The U.S. House of Representatives passed the “One Big Beautiful Bill Act” by a slim 215-214 vote on Thursday, igniting a ...

The SALT deduction, as it is known ... The cap had an even greater impact on taxpayers in the top 1%, whose average tax cut was $40,100, instead of $71,000. But those in the bottom 80% would ...

SALT allows taxpayers to deduct state and local taxes, including property tax, from their federal tax bill if they itemize ...

The bill retains the current tax rates while including NAR-supported provisions, including a qualified business income ...

The SALT deduction cap was introduced by Mr. Trump ... a University of Pennsylvania nonpartisan group that analyzes the fiscal impact of policy. That adds to the cost of a bill that has been ...