Saxe said despite Torontonians’ broad concerns about road and sidewalk safety in winter, she expects council to pass the ...

U.S. lawmakers appear primed for a tax-bill showdown with the Senate’s proposed version of the “big, beautiful” act ...

Senate Republicans have largely opposed increasing the cap, arguing that the deductions only favor wealthy homeowners in high ...

Accountants, dentists and business groups are making a last-ditch effort to get the GOP to back off in President Trump’s ...

Goldman Sachs analysis finds higher SALT deduction caps unlikely to prevent high-income households from moving from high-tax ...

Senate Republicans have revealed new proposals to modify President Donald ... and a lower deduction of state and local taxes (SALT). On Monday, the GOP unveiled its recommended adjustments to ...

The current SALT deduction cap stands at $10,000, a limit set by the Tax Cuts and Jobs Act (TCJA) of 2017. This cap restricts taxpayers who itemize deductions from deducting more than $10,000 in ...

Moderate House Republicans from high-tax blue states are seething at the Senate’s proposal to keep the state and local tax (SALT) deduction cap at $10,000, setting the stage for a showdown over ...

As the Senate considers next steps for the House-passed “big, beautiful” tax bill, the battle lines have been drawn for a showdown over the state and local tax (SALT) deduction.