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 House on Thursday approved Senate Republicans’ changes to the federal deduction for state and local taxes, known as SALT — a crucial part of President Donald Trump ’s “ big, beautiful ...

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

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

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.

After months of negotiation, lawmakers have reached a deal to raise the federal cap on state and local tax (SALT) deductions from $10,000 to $40,000 starting in 2025—a significant jump from the ...

As Senate Republicans release key details of President Donald Trump’s spending package, some provisions, including the federal deduction for state and local taxes, known as SALT, remain in limbo ...

The tax cuts themselves aren’t the only significant source of spending in the bill. A sticking point for swing district Republicans has been the state and local tax (the SALT deduction), or the ...

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.