One of the most controversial tax provisions in President Donald Trump’s “big, beautiful bill” could soon be retooled in the ...

The House-approved tax bill could end the popular 'SALT' deduction workaround for certain pass-through businesses. Here's ...

As the Senate considers next steps for the House-passed “big, beautiful” tax bill, the battle lines have been drawn for a ...

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

Moderate House Republicans from high-tax blue states are warning senators that they will not give the “big, beautiful bill” a final stamp of approval if they change their proposal for the state ...

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 State and Local Tax (SALT) deduction is a rule that helps people lower the amount of federal taxes they owe. It lets you deduct the state and local taxes you’ve already paid, like income tax, ...

No one is calling for a return of the country club dues tax deduction, but even conservatives say that’s more defensible than ...

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

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

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

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