No one is calling for a return of the country club dues tax deduction, but even conservatives say that’s more defensible than ...

Breaking that out more, 20% of taxpayers in California’s 40th Congressional District — represented by Kim, it covers eastern ...

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

The budget bill passed by the House includes a provision to quadruple the state and local tax deduction, a boon for some ...

A new proposal could raise the SALT deduction cap from $10,000 to $30,000. Here’s how it may affect homeowners.

While a federal SALT cap is hotly debated, capping deductibility at $10,000 was an unambiguously good idea at the state level ...

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

Republican lawmakers in the House appeared to have reached a new agreement late Tuesday on the state and local tax deduction, ...

Some congressional lawmakers are trying to lift Trump-era caps on state and local tax deductions as part of the new Republican tax bill.

When people file their federal taxes, they choose one of two deductions - either the standard, which is based on filing status and is a set amount around $30,000 for a married couple or by itemizing ...

The SALT deduction, as it is known ... instead of $8,700. The cap had an even greater impact on taxpayers in the top 1%, whose average tax cut was $40,100, instead of $71,000.

SALT allows taxpayers to deduct state and local taxes, including property tax, from their federal tax bill if they itemize ...