Republican lawmakers in the House appeared to have reached a new agreement late Tuesday on the state and local tax deduction, ...

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

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 ...

One big debate over the bill was for SALT, or State and Local Tax, deductions. SALT currently lets people deduct $10,000 from ...

Some congressional lawmakers are trying to lift Trump-era caps on state and local tax deductions as part of the new ...

The U.S. House of Representatives passed the “One Big Beautiful Bill Act” by a slim 215-214 vote on Thursday, igniting a sharp divide across New York regarding its impact on health ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers.

SALT allows taxpayers to deduct state and local taxes, including property tax, from their federal tax bill if they itemize ...

The SALT deduction cap was introduced by Mr. Trump ... a University of Pennsylvania nonpartisan group that analyzes the fiscal impact of policy. That adds to the cost of a bill that has been ...

The SALT deduction, as it is known ... The cap had an even greater impact on taxpayers in the top 1%, whose average tax cut was $40,100, instead of $71,000. But those in the bottom 80% would ...