News

The state and local tax deduction (SALT) has been getting attention lately. That's partly because President Trump floated the idea (supported by some Democrats) to "bring back SALT" (i.e., get rid ...
In a post Tuesday on Truth Social, Trump suggested he would scrap a $10,000 cap on deducting state and local taxes (SALT) that was passed as part of the 2017 Tax Cuts and Jobs Act — a massive ...
The House Ways and Means Committee is eyeing a plan to increase the state and local tax (SALT) deduction cap by $30,000 for single and joint filers who make $400,000 or less a year, even after key ...
This federal deduction for state and local taxes — the SALT deduction, for short — has a big influence on how the tax burden is divided. It tends to help taxpayers in wealthier, more urban ...
Rep. Nick LaLota (R-NY) said that members of a Republican voting bloc united in increasing the cap on state and local tax deductions don’t want to change the corporate SALT deduction to pay for ...
While most experts recommend cutting down on salt, some detractors question whether most people really need to be making their meals blander. We have a complicated relationship with salt.
It’s no surprise that most Americans consume much more salt than they should. According to the American Heart Association (AHA), the average American takes in more than 3,400 milligrams (mg ...