A new fight between Republicans is brewing on Capitol Hill over the future of the federal deduction for state and local tax payments — or SALT. Senate Republicans are threatening to upend a deal ...
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House plan would lift SALT cap
A House proposal would raise the limit on state and local tax deductions to $40,000 and begin phasing out the benefit for high earners. The change, discussed this week on Capitol Hill, is aimed at ...
The Second Circuit affirmed a district court’s decision denying a challenge by three states and a New York village to IRS regulations prohibiting a federal charitable deduction for the amount of a ...
LI reps have vowed to continue fighting to raise the SALT tax cap. Newsday deputy politics editor David Cruz reports. Credit: Newsday Studios Stay logged in. The Newsday app makes it easier to access ...
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