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

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

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

Taxpayers in states like New York could save more under the new $40,000 SALT deduction cap. Here's how it would work.

The 'One Big Beautiful Bill Act' proposes a significant change to the SALT deduction, increasing the cap from $10,000 to ...

President Donald Trump’s “One Big Beautiful Bill Act,” which narrowly passed through the House of Representatives early ...

The Joint Committee on Taxation, Congress’s in-house tax scorekeeper, released the much-anticipated score for the tax portion of the reconciliation bill.

The SALT deduction cap was a key component of the 2017 Tax ... deduct for state and local taxes to $10,000 – a dramatic change from the previously unlimited deduction. When implemented, the ...

The tax bill passed by the House of Representatives on May 22, called the “One Big Beautiful Bill Act,” has more than 1,000 ...

President Donald Trump’s One Big Beautiful Bill Act, which narrowly passed through the House of Representatives early Thursday morning in a 215-214 vote, includes an increase to the SALT — State and ...

The bill would boost the maximum SALT deduction to $40,000, from the $10,000 limit in President Donald Trump’s 2017 tax overhaul. That’s good news for most affluent taxpayers in high-tax states. Still ...