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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 country and a high-income tax rate layered on top, New York residents are disproportionately affected by the current $10,000 cap on state and local tax deductions.
Issues over tax relief for blue state Republicans are coming to a head as the GOP crafts President Trump's "big, beautiful ...
Senate Republicans are staring down a collision course with the House as they weigh possible changes to the state and local tax (SALT) deduction cap as part of larger revisions to the party’s ...
Republicans from high-tax blue states want a higher cap for the state-and-local tax deduction.
Democrats bashed Republicans for trying to sneak through Trump's tax bill that would help the rich and hurt the poor in the ...
As the debate heats up, here are two key areas to watch. With a slim House Republican majority, the limit on the deduction for state and local taxes, known as SALT, has been a key issue in ...
The narrow win for the bill, which hikes the deduction for state and local taxes to $40,000, came after Speaker Mike Johnson ...
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