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 GOP-backed 'One Big Beautiful Bill Act' proposes a significant increase in the SALT deduction limit, aiming to appease ...

Raising the SALT cap to $40,000 would mostly help high earners, fueling debates over tax fairness and state-federal revenue ...

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...

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

Taxpayers in states like New York could save more under the new $40,000 SALT deduction cap. Here's how it would work.

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

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

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

SALT today is portrayed as a subsidy to high-tax states and as regressive in that it disproportionately benefits higher-income households, Thorndike noted. In 2020, the SALT deduction was claimed ...

The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.

here are the areas that can benefit the most. Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the country and a high ...