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

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do ...

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 ...

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

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

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 ...

State and local taxes you pay are deductible if you itemize on your federal income tax return. But the Tax Cuts and Jobs Act of 2017 capped the state and local tax (SALT) deduction at ...

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 ...

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