An increase in the deduction limit sounds like great news for high earners — but take cover, because a high-speed tax penalty ...

SALT tax deduction changes could have a big impact at tax time. A much-followed tax break improvement is inching toward becoming a reality. A proposed tweak to the state and local tax (SALT) deduction ...

In the distant past, Republican moderates were people like Senators Pete Domenici of New Mexico and Bob Packwood of Oregon who preached fiscal responsibility and were reasonably tolerant of the ...

The Trump administration’s tax and spending bill signed into law this month contains many provisions opposed by the congressional delegations of blue states, including Massachusetts. Nevertheless, the ...

For the next five years, there will be a much more generous state and local tax deduction available to federal income tax filers, thanks to the recently enacted mega tax-and-spending-cuts law. The new ...

CORRECTION: A previous version of this story incorrectly stated the amount of the new deduction. We regret the error. New Jerseyans have been screaming about it for ...