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

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

The SALT deduction, as it is known ... Their average individual income tax cut was only about $6,200, instead of $8,700. The cap had an even greater impact on taxpayers in the top 1%, whose average ...

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

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

The future of President Donald Trump's "Big Beautiful" federal spending bill could come down to SALT tax deductions.

Raising the current $10,000 cap on the State and Local Tax (SALT) deduction would primarily benefit high earners ...

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

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

Republican congressmen, including Long Island's Andrew Garbarino and Nick LaLota, led the fight to increase the state and ...

The SALT deduction, as it is known ... instead of $8,700. The cap had an even greater impact on taxpayers in the top 1%, whose average tax cut was $40,100, instead of $71,000.