Congress passed a giant tax bill that includes the Senate's SALT changes that allow rich Americans in high-tax states to save money, experts say.

Higher federal income tax offsets for state and local tax payments have morphed into a mostly upper-middle-class political ...

The proposed ‘One Big Beautiful Bill Act’ would raise the SALT deduction cap to $40,000, benefiting wealthier taxpayers in high-tax states. Critics warn it could widen inequality and reduce ...

The One Big Beautiful Bill Act's increase of the state and local tax (SALT) deduction cap creates an opportunity to use ...

Considering the most negatively impacted states by President Donald Trump's "Big Beautiful Bill" are those with high-poverty ...

A poll found that even with tax deductions that disproportionately benefit New Jersey residents, the GOP’s recent budget bill ...

One might expect that an increased State and Local Tax (SALT) deduction cap in the new tax bill would be front and center for ...

Increases the SALT cap to $40,000 in 2025, with 1% annual inflation indexing through 2029. The cap reverts to $10,000 in 2030.

The highest average property taxes in Morris County were in Mountain Lakes Borough at $22,996, while Sparta Township topped ...