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

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...

The State and Local Tax (SALT) deduction is a rule that helps people lower the amount of federal taxes they owe. It lets you deduct the state and local taxes you’ve already paid, like income tax, ...

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

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

Taxpayers in states like New York could save more under the new $40,000 SALT deduction cap. Here's how it would work.

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If passed by the Senate, the new expanded SALT cap would benefit millions of big earners in high-tax states, including New ...

Republicans in the House of Representatives have reached a deal to raise the cap on the federal deduction for state and local ...

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

The tax bill passed by the house has a major change for Americans ... going to take that standard deduction over the salt deduction. If this $40,000 cap becomes law, they could deduct all $ ...

You say the expanded SALT uh deduction cap is a reversal of good tax policy ... and who actually benefits the most from this change? 00:22 Speaker B The folks who benefit the most are very ...