As Republicans push for a comprehensive tax and spending bill, the spotlight is on the State and Local Tax (SALT) deduction. The proposed increase in the SALT cap could benefit high-income taxpayers,

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 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.

The House Ways and Means Committee on Monday released a fuller version of its part of Republicans’ bill full of President Trump’s legislative priorities, kicking off what is expected to be a

Members in high-tax states are threatening to vote against the budget bill unless they see a hike in the SALT deduction.

Futzing with the cap has serious implications on the total ... Importantly, even with the SALT cap, many wealthy households' tax bills are still smaller than they were in before the 2017 tax ...

As Congress deliberates these proposals, the potential impact on taxpayers, businesses, and the broader economy remains a subject of intense debate.

At 6:54 a.m. this morning – after several days of political wrangling and an all-nighter House voting session – House Republicans successfully pushed