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

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

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

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

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

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

Capping the SALT deduction at $30,000 and phasing it out for higher incomes would cost $916 billion. Lawmakers in the ultra-conservative House Freedom Caucus are already alarmed at the impact of ...

Republicans are trying to pass a bill in Congress that would extend tax breaks and make cuts to safety net programs. Here's ...

The SALT deduction, as it is known ... 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 those in the bottom 80% would ...

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 bill retains the current tax rates while including NAR-supported provisions, including a qualified business income ...