By increasing the State and Local Taxes (SALT) deduction cap from $10,000 to $40,000, the bill seeks to provide taxpayers ...

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

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

If passed by the Senate, the new expanded SALT cap would benefit millions of big earners in high-tax states, including New ...

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

House GOP leadership has agreed to a series of last-minute changes to its sweeping tax and spending package designed to win ...

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, ...

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.

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 ...

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  How ...