The budget bill passed by Congress raises the SALT deduction cap from $10,000 to $40,000, affecting taxes in New York.SALT ...

The Republican delegation is divided over a proposal to partially restore SALT tax deductions for property owners.

Draft legislation circulated by the House Ways and Means Committee would raise the current cap to $30,000 on individuals with taxable annual income of $400,000 or fewer.

Republican members of New York’s congressional delegation have split over a deal to increase a tax deduction — the latest step in an intra-party dispute that could stall President Donald Trump ...