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

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 budget bill passed by the House includes a provision to quadruple the state and local tax deduction, a boon for some ...

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

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

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 ...

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

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

The SALT deduction, as it is known ... But those in the bottom 80% would not have seen much of a change in the size of their tax cut had the cap not been put in place.

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