One of the most contentious issues in the “big, beautiful" tax bill is how much to raise the state and local tax deduction, ...

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

The framework of President Trump's "big, beautiful' tax bill is coming into focus. Here is a look at what it will likely ...

President Donald Trump's "Big, Beautiful Bill" cements his economic agenda into law, reshaping tax policy and federal ...

One of the more contentious issues has been how to address the $10,000 SALT cap. Lawmakers from high tax states (including New York, New Jersey, and California) believed they had the upper hand in ...

The state and local tax deduction (SALT) has been getting attention lately. That's partly because President Trump floated the idea (supported by some Democrats) to "bring back SALT" (i.e., get rid ...

Yet Trump's reversal on the SALT deduction has sparked skepticism from lawmakers as well as economists and policy experts. "So ... now Trump is against the SALT tax cap which *checks notes* is a ...

The Tax Cuts and Jobs Act of 2017 (TCJA) capped the deduction for state and local taxes at $10,000 for tax years 2018 through 2025. The SALT deduction can include real estate taxes and either ...

It’s a non-starter with representatives in the House’s so-called “SALT Caucus,” who have campaigned for years to repeal completely the $10,000 limit on the deduction for federal income taxes.

This federal deduction for state and local taxes — the SALT deduction, for short — has a big influence on how the tax burden is divided. It tends to help taxpayers in wealthier, more urban ...

Unfortunately, in proposing to extend the TCJA, he is reportedly considering reversing or modifying its provision limiting the state and local tax (SALT) deductions for individual taxpayers to ...