One of the most contentious issues in the “big, beautiful" tax bill is how much to raise the state and local tax deduction, ...

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

The framework of President Trump's "big, beautiful' tax bill is coming into focus. Here is a look at what it will likely ...

President Donald Trump's "Big, Beautiful Bill" cements his economic agenda into law, reshaping tax policy and federal ...

As Congress debates tax policy this year, the state and local tax-deduction cap is in the crosshairs. The SALT deduction cap is set to expire at year’s end, along with a host of other tax-policy ...

One of the more contentious issues has been how to address the $10,000 SALT cap. Lawmakers from high tax states (including New York, New Jersey, and California) believed they had the upper hand in ...

It’s a non-starter with representatives in the House’s so-called “SALT Caucus,” who have campaigned for years to repeal completely the $10,000 limit on the deduction for federal income taxes.

This federal deduction for state and local taxes — the SALT deduction, for short — has a big influence on how the tax burden is divided. It tends to help taxpayers in wealthier, more urban ...

The fate of President Donald Trump’s tax legislation may rest on whether the GOP can find common ground on tax breaks for high earners in predominantly Democratic states — and the issue also ...

A key tax deduction is tripling under a new proposal in Congress, but it’s not enough for some Republicans, threatening President Donald Trump’s legislative agenda. The House Ways and Means ...