During his presidential campaign, Donald Trump raised hopes that he would swiftly bring back a popular deduction for state ...
Trump put the cap in place when president. It limits to $10,000 how much taxpayers can deduct on federal returns for state ...
Some Republicans in high-tax states have been trying to get changes to the SALT cap. Could a tight Republican majority in the ...
a move that critics say targeted Democratic-leaning states with high state income and property taxes, including New Jersey, New York, Connecticut and California. The SALT deduction lets people ...
I take President Trump at his word and will hold him accountable for his promise to eliminate the SALT cap,” said Rep. Tom ...
Unlike most tax-policy disputes, the $10,000 cap on state and local tax deductions breaks along regional lines, not just partisan ones.
Certain states like New York and California and New Jersey have really high and state and local tax rates ... has blasted past efforts to remove the SALT cap as a “gift to billionaires.” ...
During his campaign, President-elect Donald Trump vowed to lift the controversial $10,000 state and local tax deduction cap (SALT) Congress instituted in 2017. “I will turn it around, get SALT back, ...
Analysts say repealing the 2017 measure that has increased federal taxes on Long Island is complex, uncertain.
Lawyers are beginning to flesh out what the specifics of what a second Trump Administration may look like, and what we can expect before Biden passes the baton.