The State and Local Tax (SALT) deduction has been a pivotal aspect of the U.S. tax system, especially impacting taxpayers in ...

Spearheaded by President Trump, this bill promises to bring about substantial tax reforms aimed at benefiting a broad ...

A proposal to increase the cap from $10,000 ... in some New Jersey towns in 2024 was more than double the $10,000 SALT deduction limit, including Demarest at $24,736, Montclair at $21,631 and ...

Speaker Johnson is now staring down Senate tax writers who are doubling down on threats to scale back his carefully ...

As reported on May 16, 2025, the SALT cap proposal contained in the legislation that was pending in the U.S. House of ...

Senate Republicans plan to lower the SALT cap, which limits how much earners can deduct for state and local taxes.

Want some extra SALT with those budgetary fries? It will cost you, the Joint Committee on Taxation says in a report.

Moderate House Republicans from high-tax blue states are warning senators that they will not give the “big, beautiful bill” a final stamp of approval if the Senate changes their proposal for the ...

The high-tax states aren’t represented by Republicans in the Senate, and the bill is predicted to be extremely costly.

The House just made a move that could shake up tax season for a lot of Americans-especially those in high-tax states. Lawmakers voted to raise the cap on the SALT deduction (short ...

A letter from the AICPA and CPA societies in 53 states and jurisdictions criticizes the provision in the House version of the ...