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 'One Big Beautiful Bill Act' proposes a significant increase in the SALT deduction cap, aiming to aid taxpayers in ...

House Republicans passed a bill to raise the ‘SALT’ deduction cap to $40,000. Here’s who would benefit from the change.

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

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, ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...

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

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

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

Senate Republicans are staring down a collision course with the House as they weigh possible changes to the state and local tax (SALT) deduction cap as part of larger revisions to the party’s ...

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When people file their federal taxes, they choose one of two deductions - either the standard, which is based on filing ...