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

Proposed changes to the SALT deduction cap could deliver significant tax relief to many Americans, especially higher earners ...

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

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 House of Representatives just approved a tax bill that could raise the State and Local Tax (SALT) deduction cap for some ...

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

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

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

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

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, ...