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

Senate Majority Leader John Thune has argued that the ability to write off state and local taxes only benefits homeowners in ...

Federal taxpayers in fiscally responsible states were subsidizing the excesses of states that refused to rein in their own ...

The House of Representatives just approved a tax bill that could raise the State and Local Tax (SALT) deduction cap for some ...

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

President Donald Trump’s “One Big Beautiful Bill Act,” which narrowly passed through the House of Representatives early ...

The 'One Big Beautiful Bill Act' proposes a significant change to the SALT deduction, increasing the cap from $10,000 to ...

Proposed changes to the SALT deduction cap could deliver significant tax relief to many Americans, especially higher earners ...

The SALT deduction cap was a key component of the 2017 Tax ... deduct for state and local taxes to $10,000 – a dramatic change from the previously unlimited deduction. When implemented, the ...

The bill would boost the maximum SALT deduction to $40,000, from the $10,000 limit in President Donald Trump’s 2017 tax overhaul. That’s good news for most affluent taxpayers in high-tax states. Still ...

The Joint Committee on Taxation, Congress’s in-house tax scorekeeper, released the much-anticipated score for the tax portion of the reconciliation bill.

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