A new $40K SALT cap could deliver long-awaited tax relief to homeowners in high-cost states like NJ, NY, and CA by cutting ...

A key provision included in the law will raise the cap on the State and Local Tax (SALT) deduction to $40,000.

A popular tax break used in high-tax states like New Jersey would be capped under a deal reached over the weekend by ...

Californians will be able to deduct more of their state and local taxes on their federal income tax returns thanks to the Big ...