News

Lawmakers Land SALT Cap Deal That Will Offer Major Relief to Homeowners in High-Tax States
Lawmakers are close to a deal that would raise the SALT cap to $40,000—offering potential tax relief for homeowners in ...
Congress' Newly Passed Bill Means Homeowners Could Save Thousands In Taxes
A key provision included in the law will raise the cap on the State and Local Tax (SALT) deduction to $40,000.
We moved from Salt Lake City to a small Texas town. The high property taxes shocked us, but the small-town vibe is worth it.
Lance Koster was ready for a career change and believed Texas was the best place to make it happen. The Koster family is ...
Where the Megabill Landed on the SALT Deduction
Business owners continue to get the biggest tax benefit.
SALT caucus likely to keep gains despite leaving sour taste in Freedom Caucus mouths
The current $40,000 SALT cap that was brokered appears likely to stay as any changes would undoubtedly cost votes from the ...
How much can I deduct for my local taxes? Congress just decided
A popular tax break used in high-tax states like New Jersey would be capped under a deal reached over the weekend by ...
Higher SALT cap deal struck by NY Republicans expected to stick
It was a key sticking point among Republicans in the House when the spending bill was under discussion this spring.
Institute on Taxation and Economic Policy2dOpinion
The SALT Caucus, Fortunately, Comes Up Short
The endlessly debated cap on deductions for state and local taxes (SALT) has emerged in the GOP megabill largely ...