SALT deduction

States and tax experts are wrestling with post-SALT scenarios.

The Fed's 50 basis point cut surprised many, as a looming federal election and all the uncertainty that brings complicates efforts at forecasting.

The Republican presidential nominee reverses course on his own policy

Rep. Steven Horsford will likely replace the late Rep. Bill Pascrell.

Vikram Rai of Wells Fargo is dubious of some widely-held assumptions.

The controversial deduction cap is set to expire after 2025.

Advance refunding, SALT, and the possibility of Low Income Housing Tax Credit all have at least some chance of a day in the sun in late 2024.

Rep. Jim Jordan, R-Ohio, has endorsed a plan that would raise the state and local tax deduction limit to $20,000 for single filers and $40,000 for couples.

New data indicates residents in high tax states are not moving to cut their tax liability.

Adjusting the deduction cap for state and local taxes is not included in latest proposals, though advocates for that measure remain hopeful.