A U.S. House bill proposes raising the federal deduction cap for state and local taxes (SALT) to $40,000, potentially ...

Some congressional lawmakers are trying to lift Trump-era caps on state and local tax deductions as part of the new Republican tax bill.

Breaking that out more, 20% of taxpayers in California’s 40th Congressional District — represented by Kim, it covers eastern ...

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

The budget bill passed by the House includes a provision to quadruple the state and local tax deduction, a boon for some ...

The version passed by the House increases that deduction limit to $40,000. The increase was a big point of contention for ...

Republican lawmakers in the House appeared to have reached a new agreement late Tuesday on the state and local tax deduction, ...

The 'One Big Beautiful Bill Act' aims to increase the SALT deduction cap from $10,000 to $40,000, promising relief for ...

The institute is asking lawmakers to change provisions on SALT deductions for pass-through entities, contingency fees for tax ...

The SALT deduction, as it is known, enables federal income tax filers to deduct either their state and local income taxes or their state and local general sales taxes. In addition, they are also ...

The SALT deduction, as it is known, enables federal income tax filers ... The cap had an even greater impact on taxpayers in the top 1%, whose average tax cut was $40,100, instead of $71,000. But ...

The U.S. House of Representatives passed the “One Big Beautiful Bill Act” by a slim 215-214 vote on Thursday, igniting a ...