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 ...

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

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 ...

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

While a federal SALT cap is hotly debated, capping deductibility at $10,000 was an unambiguously good idea at the state level ...

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

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

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

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, ...