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

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

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

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 ...

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

Republicans’ tax-and-spending cut package faces a number of hurdles in its path to President Trump’s desk, but the state and ...

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

Lawmakers are close to a deal that would raise the SALT cap to $40,000—offering potential tax relief for homeowners in ...

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

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 ...

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 ...