The Republican tax plan in the U.S. House would raise the cap for the state and local property tax deduction from the current $10,000 to $30,000 for families making up to $400,000. That’s according to ...

Homeownership can be a source of joy for many. Whether it’s a fresh start in a different locale or a new life with a loved one, some might call owning a home the “American Dream.” But the financial ...

House Minority Leader Hakeem Jeffries (D-N.Y.) is roasting Republicans as they joust internally for a deal on the state and local tax (SALT) deduction cap. Jeffries said if Republicans were serious ...

Rochester, NY – The budget bill passed by Congress raises the SALT deduction cap from $10,000 to $40,000, affecting taxes in New York. SALT stands for state and local tax, according to George Conboy, ...

For millions of homeowners in high-tax states, property taxes haven’t just been painful—they’ve been punishing. As home values soared over the past decade, property tax bills rose right along with ...

Key New York House Republicans say they are rejecting a proposal from GOP leadership to raise the state and local tax (SALT) deduction cap to $30,000 in the party’s bill full of President Trump’s ...

Republicans Wednesday were closing in a on deal to raise the cap on deducting state and local taxes, or SALT, to $40,000 a year, a key breakthrough that would boost passage of President Trump’s ...

President Trump shifted his stance on the state and local tax (SALT) deduction cap, a policy he implemented during his first term in office. Despite signing the $10,000 SALT cap into law in 2017 as ...

One of the most important sticking points in negotiations about President Donald Trump's signature tax-and-spending bill is how generous to make the deduction for state and local taxes. The latest ...

After a marathon overnight session by the House Rules Committee, House Republicans appear close to finalizing a deal that would raise the federal cap on state and local tax (SALT) deductions from ...