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These High Tax States Could Benefit the Most From Higher SALT Deduction
Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the country and a high-income tax rate layered on top, New York residents are disproportionately affected by the current $10,000 cap on state and local tax deductions.
What is the SALT cap, and how does it impact California taxpayers?
Breaking that out more, 20% of taxpayers in California’s 40th Congressional District — represented by Kim, it covers eastern Orange County and parts of Riverside and San Bernardino counties — claimed SALT deductions in 2017; only 7.5% did in 2022, according to data from the National Association of Realtors.
The fight has pitted the GOP's top tax writer against a determined bloc of House Republicans from high-tax states. It has ...
Join The Post and Courier at 11:15 a.m. June 3 at the Ocean Reef Resort in Myrtle Beach for a panel discussion about salt ...
A key House Republican who is pushing for a higher cap for state and local tax deductions sought to revive the idea of ...
Speaker Mike Johnson is trying to strike a delicate balance between blue-state Republicans and conservative hard-liners on a ...
A crash on northbound I-15 in Salt Lake City has blocked 4 lanes of traffic on the northbound side of the interstate.
Strong winds from Thursday evening's storms packed a punch powerful enough to cause significant damage to one of the city's ...
The Bees now reside in The Ballpark at America First Square in South Jordan. The University of Utah’s baseball team, which ...
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