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Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the ...
Federal taxpayers in fiscally responsible states were subsidizing the excesses of states that refused to rein in their own ...
A proposed $40,000 cap on the SALT deduction reignites debate over who benefits most, especially in high-tax states.
The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.
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 ...
The state and local tax deduction is up for consideration again on Capitol Hill. What does it mean for you and your property taxes?
While a federal SALT cap is hotly debated, capping deductibility at $10,000 was an unambiguously good idea at the state level ...
Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...
House Republicans passed a bill to raise the ‘SALT’ deduction cap to $40,000. Here’s who would benefit from the change.
The proposed House GOP tax bill raises ‘SALT’ deduction cap to $30,000 for most taxpayers. Here’s who would benefit the most, ...
A newly passed federal budget bill could cut billions from SNAP and Medicaid in New York while raising the SALT deduction cap ...
The version passed by the House increases that deduction limit to $40,000. The increase was a big point of contention for ...