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

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 ...

Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the country ... out the deduction. The impact is even more dramatic ...

Breaking that out more, 20% of taxpayers in California’s 40th Congressional District — represented by Kim, it covers eastern ...

The tax bill passed by the House of Representatives on May 22, called the “One Big Beautiful Bill Act,” has more than 1,000 ...

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 ...

Some Republicans are once again targeting a cap on deductions for state and local taxes, aka SALT. The SALT deduction cap affects high-tax states like New York and California significantly.

If passed by the Senate, the new expanded SALT cap would benefit millions of big earners in high-tax states, including New ...

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