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 ...

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

The Republican-led U.S. House of Representatives passed a bill on Thursday that would allow a deduction of up to $40,000 on ...

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

The Joint Committee on Taxation, Congress’s in-house tax scorekeeper, released the much-anticipated score for the tax portion of the reconciliation bill.

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, ...

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 House GOP approved trillions in tax cuts. Here’s how President Trump’s “big bill” could change in the Senate.

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

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

The institute is asking lawmakers to change provisions on SALT deductions for pass-through entities, contingency fees for tax ...