Baked into House Republicans’ sweeping tax package is an increase to the federal deduction for state and local taxes, a ...

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...

The changes to the SALT cap agreed to in negotiations after the House Ways and Means Committee passed its tax bill would add ...

Early Thursday morning, the House of Representatives passed the One Big Beautiful Bill Act by one vote. The bill had been ...

If passed by the Senate, the new expanded SALT cap would benefit millions of big earners in high-tax states, including New ...

Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the ...

Republicans’ tax-and-spending cut package faces a number of hurdles in its path to President Trump’s desk, but the state and ...

House Republicans passed President Donald Trump’s “one big, beautiful bill” on May 22. This meaty budget reconciliation bill ...

Senate Majority Leader John Thune has argued that the ability to write off state and local taxes only benefits homeowners in ...

Federal taxpayers in fiscally responsible states were subsidizing the excesses of states that refused to rein in their own ...

The future of President Donald Trump's "Big Beautiful" federal spending bill could come down to SALT tax deductions.

The changes to the cap on state and local tax deductions were perhaps the most ... The $10,000 cap on SALT deductions was implemented as a revenue-raising measure in the 2017 overhaul.