The federal deduction for state and local taxes (SALT) has been part of the U.S. tax code for over a century. The tax break allows eligible taxpayers to reduce their federal tax liability by deducting ...

Bills often do the opposite of what they say. In this case, President Donald Trump’s so-called “big beautiful bill” that Republicans are working to get through Congress is actually chock-full of ugly ...

Trump is the first president to visit Rockland in 50 years. The last president stop by the Big Apple suburb was President ...

Representative Mike Lawler, a key negotiator behind the temporary increase to the cap on state and local tax deductions, pushed back on efforts to further expand the tax break through legislation ...

President Trump’s new tax law means a fourfold increase to a tax perk that could benefit entrepreneurs operating in high-tax states. The tax law Republican lawmakers managed to pass last week raises ...

Under the new tax bill passed by the House, the cap on state and local tax (SALT) deductions for tax filers would increase to $40,000 for incomes up to $500,000. The current limit of $10,000 is set to ...

As 2025 comes to an end, it is an appropriate time to revisit state and local tax deductions and charitable giving plans. The One Big Beautiful Bill (OBBBA) introduced several updates that may ...