House lawmakers on Thursday morning passed changes for the federal deduction for state and local taxes, known as SALT, as ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers.

Raising the current $10,000 cap on the State and Local Tax (SALT) deduction would primarily benefit high earners ...

Republicans’ tax-and-spending cut package faces a number of hurdles in its path to President Trump’s desk, but the state and ...

One of the more contentious fights over President Trump's "big beautiful bill" is a bid to raise the state and local tax (or ...

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

House Speaker Mike Johnson offered GOP holdouts a detailed proposal on Monday to set the SALT deduction cap at $40,000 for ...

may have certain health benefits compared to regular table salt due to a higher content of iron, magnesium, potassium, and other nutrients. Like sea salts, unrefined pink Himalayan salt is also ...

Before TCJA, the SALT deduction was unlimited, but the so-called alternative minimum tax reduced the benefit for some higher earners. When filing taxes, you pick the greater of the standard ...

SALT today is portrayed as a subsidy to high-tax states and as regressive in that it disproportionately benefits higher-income households, Thorndike noted. In 2020, the SALT deduction was claimed ...