Baked into House Republicans’ sweeping tax package is an increase to the federal deduction for state and local taxes, a ...

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

The U.S. House of Representatives has passed a new tax and spending bill that significantly alters the state and local tax ...

Want some extra SALT with those budgetary fries? It will cost you, the Joint Committee on Taxation said in a report released ...

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

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

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

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

The version passed by the House increases that deduction limit to $40,000. The increase was a big point of contention for ...

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

Thanks to pressure from them, the version that passed the House would increase SALT deductions to a maximum of $40,000, with phaseouts for anyone making more than $500,000 a year.

President Donald Trump’s One Big Beautiful Bill Act, which narrowly passed through the House of Representatives early Thursday morning in a 215-214 vote, includes an increase to the SALT — State and ...