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 ...

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

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 ...

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 ...

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 ...

The proposed House GOP tax bill raises ‘SALT’ deduction cap to $30,000 for most taxpayers. Here’s who would benefit the most, ...

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 ...

The bill retains the current tax rates while including NAR-supported provisions, including a qualified business income ...