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 ...

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...

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

Republicans in the House of Representatives have reached a deal to raise the cap on the federal deduction for state and local ...

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

If passed by the Senate, the new expanded SALT cap would benefit millions of big earners in high-tax states, including New ...

While a federal SALT cap is hotly debated, capping deductibility at $10,000 was an unambiguously good idea at the state level ...

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 ...