In 2017, the Tax Cuts and Jobs Act overhauled federal tax code, capping the SALT deduction at $10,000 per year for "property taxes plus state income or sales taxes." Most of the changes made in ...

With Congress considering changes to the SALT cap, Goldman Sachs’ analysis found that high-income earners are continuing to leave high-tax states and that the trend is expected to continue ev… ...

The ‘SALT’ deduction is still in limbo as Senate Republicans unveil key tax details of President Donald Trump’s spending package. Here’s what to know.

What’s happening in 2025 regarding SALT deductions? Right now, SALT deduction are capped at $10,000. That cap was put in place in 2017, and it’s set to end after 2025, unless Congress decides ...

Goldman Sachs analysis finds higher SALT deduction caps unlikely to prevent high-income households from moving from high-tax states to low-tax states amid rising interstate migration.

Key New York House Republicans say they are rejecting a proposal from GOP leadership to raise the state and local tax (SALT) deduction cap to $30,000 in the party’s bill full of President Trump ...

A Republican-controlled Senate committee rolled back the SALT deduction cap to $10,000 in its first draft of Trump's budget bill, despite the $40,000 negotiated by a group of GOP House members.

New York Reps. Mike Lawler, Elise Stefanik, Andrew Garbarino and Nick LaLota fumed Thursday over what they described as an “insulting” offer from House Speaker Mike Johnson to cap SALT ...