Republican lawmakers in the House appeared to have reached a new agreement late Tuesday on the state and local tax deduction, ...

A proposed $40,000 cap on the SALT deduction reignites debate over who benefits most, especially in high-tax states.

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

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

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 future of President Donald Trump's "Big Beautiful" federal spending bill could come down to SALT tax deductions.

Raising the current $10,000 cap on the State and Local Tax (SALT) deduction would primarily benefit high earners ...

House Republicans passed President Donald Trump’s “one big, beautiful bill” on May 22. This meaty budget reconciliation bill ...

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 ...

SALT allows taxpayers to deduct state and local taxes, including property tax, from their federal tax bill if they itemize ...

The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000 ...