New bill would offer a tax deduction for overtime wages. ... For example, a nurse who earns $15,000 in overtime pay and is under the income limit could deduct $3,000 (20%) ...

Enacted via the Tax Cuts and Jobs Act, or TCJA, of 2017, there’s currently a $10,000 limit on the SALT deduction, and raising that cap has been a priority for certain House lawmakers in high-tax ...

If passed by the Senate, the new expanded SALT cap would benefit millions of big earners in high-tax states, including New York, New Jersey, Pennsylvania, Maryland, Oregon and California.