In case you've missed it, the so-called state-and-local-tax deduction, known as SALT, is a big sticking point in the federal budget "reconciliation" bill currently wending its slow path through ...

Thanks to the Trump administration’s 2017 tax overhaul, that deduction was capped at $10,000 annually. As a result of that law, and other changes, about 13% of county filers deducted what they ...

House Republicans are clashing with their own party's leadership in a battle to raise or eliminate the $10,000 cap on the SALT deduction. Here’s what you need to know: What is SALT tax deduction?

But the battle over the deduction for state and local taxes, known as SALT, remains in limbo. The text released Monday afternoon would raise the SALT cap to $30,000 for those with a modified ...

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In such situations, IRC section 165(a) states that “there shall be allowed as a deduction any loss sustained during the taxable year and not compensated for by insurance or otherwise.” Losses for ...

It’s a non-starter with representatives in the House’s so-called “SALT Caucus,” who have campaigned for years to repeal completely the $10,000 limit on the deduction for federal income taxes.

What is successful right-wing art? I posed that question to Jonathan Keeperman, who runs the far-right publisher Passage Press, on my podcast a couple of weeks ago, and you can tell that it’s a ...

A coalition of entertainment unions, joined by the Motion Picture Association, urged President Trump on Monday to support tax deductions that benefit the entertainment industry. The unions ...

House Republicans are calling for a higher limit on the deduction for state and local taxes, known as SALT, as part of President Donald Trump's tax and spending package. The House Ways and Means ...

The House's first draft of tax legislation includes a provision sought by President Donald Trump to allow tax deductions for interest on car loans. The 389-page tax bill, which is a starting point ...