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

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

Lawmakers are close to a deal that would raise the SALT cap to $40,000—offering potential tax relief for homeowners in ...

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 ...

Want some extra SALT with those budgetary fries? It will cost you, the Joint Committee on Taxation said in a report released ...

Rep. Mike Lawler backed legislation that would quadruple the SALT deduction on federal taxes from $10,000 to $40,000.

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

As reported on May 16, 2025, the SALT cap proposal contained in the legislation that was pending in the U.S. House of ...

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

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