One of the most contentious issues in the “big, beautiful" tax bill is how much to raise the state and local tax deduction, ...

The framework of President Trump's "big, beautiful' tax bill is coming into focus. Here is a look at what it will likely ...

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

House Republicans are clashing with their own party's leadership in a battle to raise or eliminate the $10,000 cap on the SALT deduction. The State and Local Tax (SALT) deduction is a rule that ...

This federal deduction for state and local taxes — the SALT deduction, for short — has a big influence on how the tax burden is divided. It tends to help taxpayers in wealthier, more urban ...

A key tax deduction is tripling under a new proposal in Congress, but it’s not enough for some Republicans, threatening President Donald Trump’s legislative agenda. The House Ways and Means ...

House Republicans are planning to triple the state and local tax (SALT) deduction cap to $30,000 in their plan to pass President Trump’s “big, beautiful” agenda bill, despite New York ...