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These High Tax States Could Benefit the Most From Higher SALT Deduction
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 are disproportionately affected by the current $10,000 cap on state and local tax deductions.
Lawmakers are close to a deal that would raise the SALT cap to $40,000—offering potential tax relief for homeowners in ...
1don MSNOpinion
Federal taxpayers in fiscally responsible states were subsidizing the excesses of states that refused to rein in their own ...
The future of President Donald Trump's "Big Beautiful" federal spending bill could come down to SALT tax deductions.
New York Republicans find themselves in the middle of the fight over the deductibility of state and local taxes in the ...
If you live in Florida or another low-tax state, brace yourself. A bipartisan group of lawmakers from blue states is gearing up to punish you for your state’s fiscal restraint. They want to ...
It looks like a tentative deal has been brokered on Capitol Hill to provide a new SALT cap, increasing the state and local tax deduction from $10,000 to $40,000.
The state and local tax deduction – often abbreviated as SALT – was a political flashpoint ... blue-collar tradespeople − in high-tax states like New York,” wrote New York congressman ...
House Speaker Mike Johnson has reached a tentative deal with blue state ... high-stakes debates on taxes, Medicaid, and green energy subsidies while crafting the president’s "big, beautiful bill ...
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