The proposed expansion of the SALT deduction primarily benefits high-income households in states with high taxes, such as ...

Senate Republicans passed changes to the federal deduction for state and local taxes, known as SALT. Here's how the SALT ...

A final House vote is expected Thursday for President Trump's second-term agenda on tax reductions, immigration enforcement ...

Taxpayers earning $1 million or more are expected to see a boost in after-tax income of about 3% under the One Big Beautiful ...

With $3.2 trillion in direct costs and $700 billion in interest payments, the budget proposal would bring total new borrowing ...

"The new tax law is an improvement for most people in Connecticut," certified public accountant Dennis Cole said.

The megabill that awaits final passage in the U.S. House will have far-reaching impacts on the wallets of Long Islanders and ...

BLACKPRESSUSA NEWSWIRE (NNPA) — Dubbed the “One Big Beautiful Bill,” the legislation makes permanent and expands the 2017 Trump tax cuts. It raises the cap on the state and local tax (SALT) deduction ...

The current $40,000 SALT cap that was brokered appears likely to stay as any changes would undoubtedly cost votes from the ...

Republicans claim to champion fiscal responsibility, but the Senate passed a $4 trillion spending monstrosity that makes the ...

It was a key sticking point among Republicans in the House when the spending bill was under discussion this spring.

As Congress weighs the “big, beautiful bill,” a proposed hike to the state and local tax deduction cap is drawing fire for ...