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 ...

Federal taxpayers in fiscally responsible states were subsidizing the excesses of states that refused to rein in their own ...

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 ...

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

The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.

That may further fuel the intraparty battle over the SALT deduction between GOP lawmakers from high-tax blue states ... The cap had an even greater impact on taxpayers in the top 1%, whose ...

The issue pits Republicans from high ... tax states against fiscal hardliners. The future of President Donald Trump's "One Big Beautiful Bill" that would fund his second-term agenda could depend ...