President Donald Trump’s “big beautiful bill” raises the SALT deduction cap to $40,000. Here’s who will benefit.

VIRGINIA — Taxpayers in Virginia will notice a few changes when they file their 2024 federal income tax returns. Tax season ...

Senate Republicans passed changes to the federal deduction for state and local taxes, known as SALT. Here's how the SALT ...

It does so without a vote of the legislature, by reducing the value of tax deductions while keeping income tax brackets static. The state’s tax brackets were last revised in 1990.

RICHMOND — Virginia Gov. Glenn Youngkin (R) proposed a state budget Wednesday that would cut income taxes but increase the sales tax, an approach his administration said would make state ...