Baked into House Republicans’ sweeping tax package is an increase to the federal deduction for state and local taxes, a ...

A proposed $40,000 cap on the SALT deduction reignites debate over who benefits most, especially in high-tax states.

The budget bill passed by the House includes a provision to quadruple the state and local tax deduction, a boon for some ...

Want some extra SALT with those budgetary fries? It will cost you, the Joint Committee on Taxation said in a report released ...

The State and Local Tax (SALT) deduction is a rule that helps people lower the amount of federal taxes they owe. It lets you deduct the state and local taxes you’ve already paid, like income tax, ...

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

The Joint Committee on Taxation, Congress’s in-house tax scorekeeper, released the much-anticipated score for the tax portion of the reconciliation bill.

Senate Majority Leader John Thune has argued that the ability to write off state and local taxes only benefits homeowners in ...

The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000 ...

The House of Representatives just approved a tax bill that could raise the State and Local Tax (SALT) deduction cap for some ...

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 cap was a key component of the 2017 Tax ... deduct for state and local taxes to $10,000 – a dramatic change from the previously unlimited deduction. When implemented, the ...