For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state ...

President Donald Trump’s 2017 tax law capped the SALT deduction at $10,000. At the outset of his second presidency, raising ...

A Capitol Hill aide tells News 12 that House Republicans are having issues coming to a consensus on setting SALT deductions.

Republican lawmakers from high-tax New York and New Jersey are pushing to hike the state and local tax (SALT) deduction cap for ... Adams cap New York City property taxes at 2% like every other ...

With tax season in full swing, and many Long Islanders reliant on refunds to cover expenses, experts say there are ways to ...

As noted above, the most likely deductions include the interest you pay on your mortgage loan and, in some instances, the interest on HELOCs and HELs. Property, state, and local real estate taxes ...

Owning real ... (e.g., deductions and depreciation) can lead to additional complexities. Getting the correct cross-border tax assistance is critical. Ownership of foreign real property itself ...

Homeowners who itemize their tax returns can deduct the property taxes they pay on their residence up to a limit. The state and local tax (SALT) deduction allows taxpayers to deduct up to $10,000 ...

This is the final tax year for a cap on the federal government's State and Local Tax (SALT ... to itemize their deductions. Instead, it's mostly used by people with valuable property or high ...

Depreciation is another tax benefit that sets real estate apart. Even as your property appreciates in value, the IRS allows you to deduct the depreciation of the building over time, typically 27.5 ...