State and local taxes you pay are deductible if you itemize on your federal income tax return. But the Tax Cuts and Jobs Act of 2017 capped the state and local tax (SALT) deduction at $10,000 for ...

CPAs need to be aware of current tax developments impacting all state and local tax jurisdictions in order to properly advise ...

Finally, the long-sought lifting of the cap on state and local tax deductions seems to have the support it needs in Congress. “I am confident we will get it done,” said Rep. Mike Lawler ...

An expansion of the state and local tax deduction cap would be targeted at middle-class taxpayers, not the "ultra wealthy," said New York Republican Rep. Nicole Malliotakis. New York Republican Rep.

The president-elect told Republicans from New York, New Jersey and California to come up with a plan for increasing the state and local tax deduction — a move that would benefit their constituents.