The U.S. House of Representatives has passed a new tax and spending bill that significantly alters the state and local tax ...

The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.

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

As "One Big Beautiful Bill Act" is expected to reduce taxes, experts argue whether it will cater to the value or growth ...

House Republicans passed a bill to raise the ‘SALT’ deduction cap to $40,000. Here’s who would benefit from the change.

Bulls maintain the upper hand as long as gold can hold above the 50-day EMA and previous-resistance-turned-support in the $3150 area. After setting an all-time record “closing” high yesterday (to the ...

The state and local tax deduction is up for consideration again on Capitol Hill. What does it mean for you and your property taxes?

Speaker Mike Johnson (R-La.) and moderate Republicans have zeroed in on an agreement for the state and local tax (SALT) ...

Young Kim’s support in federal budget process But they say the proposed $30,000 figure for the tax deduction cap, commonly referred to as SALT, is still too low and would not get their support.

The current $10,000 cap on SALT deductions was introduced in the original 2017 Trump tax cut and an increase is being negotiated as part of the tricky talks for a sprawling budget bill that will ...

On Thursday, four Republican House lawmakers from New York stated that they would not vote for a budget bill that puts a $30,000 cap on state and local income tax (SALT) deductions. That’s bad ...