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

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 ...

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

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

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 ...

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 ...

The analysis comes as Trump pushes Congress to send the final product to his desk to become law by Fourth of July.