The "one big, beautiful bill" includes a new tax break for coastal elites. It's a deduction for up to $40,000 of state and ...

California Republicans were pleased that lower- and middle-income residents will be able to deduct more of their state and ...

Taxpayers in states like New York could save more under the new $40,000 SALT deduction cap. Here's how it would work.

The back-and-forth between Hochul and Lawler could be a preview of the next gubernatorial election, with the Hudson Valley Republican weighing a potential challenge to the incumbent Democrat in the ...

The state and local tax deduction – often abbreviated as SALT – was a political flashpoint in the passage of the 2017 Tax Cuts and Jobs Act and is shaping up to be so again in 2025.

House lawmakers debated the contours of President Donald Trump’s tax cuts throughout the night as they race to meet a ...