Eight years after President Trump imposed the SALT cap, a handful of Republicans plan to buck their own party to fix it.
Republican lawmakers are floating a range of ideas to pay for an extension of President Trump's Tax Cuts and Jobs Act.
The Tax Policy Center (TPC) recently published analyses of several options to raise the $10,000 State and Local Tax (SALT) ...
Senators Kirsten Gillibrand and Charles Schumer introduced legislation today to permanently remove the cap on the state and local tax (SALT) deduction.
New York Republicans are having discussions about how to raise the $10,000 SALT cap so that their constituents can deduct ...
House Republicans have outlined a list of tax options aimed at reforming the U.S. tax code. Here is what taxpayers should ...
Rep. Nick LaLota (R-NY-01) has announced a five-member coalition that pledges to block any federal deal on a tax bill unless ...
President Donald Trump and Congress may toss a federal cap on how much people deduct for local and state taxes. If so, ...
House Republicans are in talks over raising the cap for state and local tax deductions after winning pledges from President Donald Trump and congressional leaders to include the measure in a must-pass ...
In Trump’s plan, income earners would also gain the tax-free benefit, a change that could destabilize the Social Security ...
U.S. Senator Kirsten Gillibrand, Senate Minority Leader Chuck Schumer, and Democratic members of the New York congressional ...
limited deductions for state and local taxes – SALT in the political vernacular – on federal tax returns to $10,000. The limit has the indirect effect of increasing federal levies on taxpayers ...