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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 ...
Recent SALT deduction changes mainly benefit married couples in high-tax states, raising questions about fairness and ...
Federal taxpayers in fiscally responsible states were subsidizing the excesses of states that refused to rein in their own ...
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 ...
Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...
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 ...
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, ...
The version passed by the House increases that deduction limit to $40,000. The increase was a big point of contention for ...
Some congressional lawmakers are trying to lift Trump-era caps on state and local tax deductions as part of the new ...
Breaking that out more, 20% of taxpayers in California’s 40th Congressional District — represented by Kim, it covers eastern ...