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 ...

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

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, ...

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

House GOP leadership has agreed to a series of last-minute changes to its sweeping tax and spending package designed to win ...

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

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

Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers.

A new proposal could raise the SALT deduction cap from $10,000 to $30,000. Here’s how it may affect homeowners.

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

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