Add Yahoo as a preferred source to see more of our stories on Google. awmakers are nearing a deal to raise the federal cap on state and local tax (SALT) deductions from $10,000 to $40,000 The SALT cap ...

The individual provisions of the Tax Cuts and Jobs Act (TCJA) are set to expire at the end of 2025. The Republican-controlled Congress intends to extend these tax cuts but some Republican lawmakers ...

As Republican lawmakers from high-tax states prepare to lobby for the elimination or increase of the SALT cap during a meeting with President-elect Donald Trump this weekend, the Tax Policy Center has ...

The massive new tax law temporarily boosts the maximum amount you can claim under the state and local taxes (SALT) deduction to $40,000, from $10,000, starting in 2025. (For those who are married ...

ALBANY — A federal tax law provision that capped deductions for state and local taxes has become a heated political issue in New York State this election season. But the campaign rhetoric by both ...

Add Yahoo as a preferred source to see more of our stories on Google. The Republican tax plan in the U.S. House would raise the cap for the state and local property tax deduction from the current ...

Before the 2018 tax and spending bill under the first Donald Trump presidency, it was expected that at least one person every year would bring certified public accountant Cap Willey a shoebox full of ...

A new House plan would raise the cap on state and local tax deductions, changing the balance of who benefits from federal tax breaks and who pays more. Lawmakers are weighing an increase in the state ...

On July 4, 2025, President Donald Trump signed the reconciliation bill, known as the “Big Beautiful Bill” (“BBB”), which covered many of his campaign promises. This reconciliation, centering upon ...

The Republican president campaigned on lifting these limits on state and local tax deductions President Donald Trump dimmed the hopes of some Republicans Tuesday when he took a public swipe at their ...