New York ranks highest in the nation for state and local tax collections per capita at $12,685 as of 2022, according to the latest data from the Tax Foundation, a right-leaning think tank.

Senate Republicans’ tax bill raises the "SALT" deduction cap to $40,000. Here's who could benefit from the change.

The measure is often referred to as the SALT income tax deduction. (SALT stands for “state and local taxes.”) It allows ...

The Senate has lowered the proposed SALT deduction cap from $40K to $10K, leading to an angry outcry from the House ...

On the tax side, one of the biggest victories for tax-cutting Republicans is raising the $10,000 cap per couple on federal deductions for state and local taxes, which is known as the SALT tax.

Passed via the Tax Cuts and Jobs Act, or TCJA, of 2017, there's a $10,000 limit on the SALT deduction through 2025, which has been a pain point for certain lawmakers in high-tax blue states. If ...

Senate Republicans’ tax bill raises the “SALT” deduction cap to $40,000. Here’s who could benefit from the change.

Passed via the Tax Cuts and Jobs Act, or TCJA, of 2017, there’s a $10,000 limit on the SALT deduction through 2025, which has been a pain point for certain lawmakers in high-tax blue states.