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

In the midst of negotiations for the 'One Big Beautiful Bill Act,' a group of Republicans known as the 'SALT caucus' emerged ...

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.

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

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

Because of that cap, Abramowitz says the standard deduction is usually the better choice for families, explaining "you could come into say, maybe $24,000 of total itemized deductions, which ...

The SALT deduction cap was a key component of the 2017 Tax ... deduct for state and local taxes to $10,000 – a dramatic change from the previously unlimited deduction. When implemented, the ...

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

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 ...