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

The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000 ...

Republicans in the House of Representatives have reached a deal to raise the cap on the federal deduction for state and local ...

House Republicans passed a bill to raise the ‘SALT’ deduction cap to $40,000. Here’s who would benefit from the change.

Republican lawmakers reached a deal today to raise the cap for the state and local tax deduction, known as the SALT deduction ...

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

President Trump shifted his stance on the state and local tax (SALT) deduction cap, a policy he implemented during his first ...

The budget bill passed by Congress raises the SALT deduction cap from $10,000 to $40,000, affecting taxes in New York.SALT ...

President Trump shifted his stance on the state and local tax (SALT) deduction cap, a policy he implemented during his first term in office. Despite signing the $10,000 SALT cap into law in 2017 ...

With the new $40,000 salt cap, they could deduct all $40,000 in state and local taxes. This gives them an additional $10,000 in deductions compared to the standard deduction, saving them about ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...