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

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

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...

The budget bill passed by Congress raises the SALT deduction cap from $10,000 to $40,000, affecting taxes in New York.SALT ...

The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000 ...

One of the most important sticking points in negotiations about President Donald Trump’s signature tax-and-spending bill is ...

One of the more contentious fights over President Trump's "big beautiful bill" is a bid to raise the state and local tax (or ...

Republican lawmakers reached a deal today to raise the cap for the state and local tax deduction, known as the SALT deduction ...

Republicans’ tax-and-spending cut package faces a number of hurdles in its path to President Trump’s desk, but the state and ...

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

For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state ...