A new law raising the SALT deduction cap from $10,000 to $40,000 is poised to ease the tax burden on thousands of New Jersey ...

President Donald Trump has unveiled a proposal to raise the State and Local Tax (SALT) deduction cap to $40,000, describing it as a “ big beautiful bill.” The plan represents ...

The federal state and local sales tax (SALT) deduction cap is higher this year, and could translate into bigger savings for ...

President Donald Trump's recent spending bill introduces a significant change to the State and Local Tax (SALT) deduction, raising the cap from $10,000 to $40,000. This adjustment promises substantial ...

The landmark “Big Beautiful Bill” that President Donald Trump signed on July 4 will affect the finances of hundreds of ...

What the deduction does is all in the name. It allows taxpayers to deduct what they owe in state and local taxes from their federal income taxes. The OBBBA raises the cap on how much taxpayers can ...

It may end up better to jettison the whole SALT apparatus and settle for the standard deduction.

Bergen County's highest average property taxes ranged from $19,297 to $24,736, while Passaic County's ranged from $11,007 to ...

New York and New Jersey's combined congressional delegations should unite around a single goal: Restoring the SALT deduction NJ Ballet, Totowa Car Show, live music, art exhibits, more: Things to ...

But when the State and Local Tax (SALT) deduction cap was instituted as part of Trump’s tax bill, New Jersey’s ability to keep making those key investments was threatened.

Many New Jersey and New York members of Congress ran for election promising to fully restore the SALT deduction. Come January, they can make good on that promise by withholding their support for ...