The 'One Big Beautiful Bill Act' aims to increase the SALT deduction cap from $10,000 to $40,000, promising relief for ...

The tax landscape for millions of Americans is about to undergo a significant shift with proposed changes to the state and ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers.

Breaking that out more, 20% of taxpayers in California’s 40th Congressional District — represented by Kim, it covers eastern ...

Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...

Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the ...

Rep. Mike Lawler said the lower cap on the federal deduction for state and local tax payments, also known as SALT, has had a “negative impact” on New York. “There were key provisions that ...

When campaigning for reelection last year, Rep. Young Kim told voters she was working to fully repeal the cap on SALT. Kim wasn’t referring to the top of a shaker for a condiment used to flavor ...