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Here's who could benefit from the proposed $40,000 SALT deduction cap
The budget bill passed by the House includes a provision to quadruple the state and local tax deduction, a boon for some ...
These High Tax States Could Benefit the Most From Higher SALT Deduction
Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the ...
Republicans’ deal on SALT deduction has changed again. How would it impact you?
Republican lawmakers in the House appeared to have reached a new agreement late Tuesday on the state and local tax deduction, ...
What is Trump's deal with SALT? Here's how the new state and local tax deductions in US President's tax bill would impact you
A U.S. House bill proposes raising the federal deduction cap for state and local taxes (SALT) to $40,000, potentially ...
What is the SALT cap, and how does it impact California taxpayers?
Breaking that out more, 20% of taxpayers in California’s 40th Congressional District — represented by Kim, it covers eastern ...
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How change in tax deductions could impact Illinois
The version passed by the House increases that deduction limit to $40,000. The increase was a big point of contention for ...
Californians could get bigger state, local tax deductions. Why that matters
Some congressional lawmakers are trying to lift Trump-era caps on state and local tax deductions as part of the new ...
Institute on Taxation and Economic Policy3dOpinion
States Should Chart Their Own Course on SALT Deductions
While a federal SALT cap is hotly debated, capping deductibility at $10,000 was an unambiguously good idea at the state level ...
Who benefits most from the state and local tax deduction and why raising the cap is contentious
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 ...
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How change in tax deductions could impact Illinois
One big debate over the bill was for SALT, or State and Local Tax, deductions. SALT currently lets people deduct $10,000 from their taxes if they itemize when they file. The version passed by the ...
House GOP tax bill calls for ‘SALT' deduction cap of $30,000 for most taxpayers. Here's who could benefit
The proposed House GOP tax bill raises ‘SALT’ deduction cap to $30,000 for most taxpayers. Here’s who would benefit the most, ...
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Californians could get bigger state, local tax deductions. Why that matters
Capping the SALT deduction at $30,000 and phasing it out for higher incomes would cost $916 billion. Lawmakers in the ultra-conservative House Freedom Caucus are already alarmed at the impact of ...