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

The 'One Big Beautiful Bill Act' aims to increase the SALT deduction cap from $10,000 to $40,000, promising relief for ...

House Republicans passed President Donald Trump’s “one big, beautiful bill” on May 22. This meaty budget reconciliation bill ...

Federal taxpayers in fiscally responsible states were subsidizing the excesses of states that refused to rein in their own ...

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

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 ...

Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...

While a federal SALT cap is hotly debated, capping deductibility at $10,000 was an unambiguously good idea at the state level ...

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

House Republicans passed a bill to raise the ‘SALT’ deduction cap to $40,000. Here’s who would benefit from the change.

The budget bill passed by Congress raises the SALT deduction cap from $10,000 to $40,000, affecting taxes in New York.SALT ...

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