House lawmakers on Thursday morning passed changes for the federal deduction for state and local taxes, known as SALT, as ...

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

A U.S. House bill proposes raising the federal deduction cap for state and local taxes (SALT) to $40,000, potentially ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers.

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

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-income tax rate layered on top, New York residents ...

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

The push to restore the SALT deduction could force low-tax states like Florida to subsidize high-tax states, benefiting wealthy taxpayers at the middle class's expense.

The SALT deduction cap should be $0. People should not be able to deduct their state and local tax burdens from their federal ...

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 ...

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