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 ...

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, ...

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

Republican lawmakers reached a deal today to raise the cap for the state and local tax deduction, known as the SALT deduction. Find out more.

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

Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the ...

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

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