The Tax Cuts and Jobs Act, signed into law by former President Donald Trump in December 2017, represented the most ...

The new GOP tax law quadruples how much people can deduct in state and local taxes off their federal returns, offering significant relief to high earners in many Democratic-led states by partially ...

The new tax law hiked the SALT deduction cap to $40,000. That’s good news for taxpayers in high tax states, but it’s a ...

Congress passed a giant tax bill that includes the Senate's SALT changes that allow rich Americans in high-tax states to save ...

State and local taxes were a major focal point of the reconciliation negotiations, exposing that Republicans' troubles didn't ...

After months of negotiation, lawmakers have reached a deal to raise the federal cap on state and local tax (SALT) deductions from $10,000 to $40,000 starting in 2025—a significant jump from the ...

LI reps have vowed to continue fighting to raise the SALT tax cap. ... The $10,000 cap is seen as an opening offer to continue negotiations. Sen. Markwayne Mullin (R-Okla.) ...

Moderate House Republicans from high-tax blue states and the Trump administration are zeroing in on an agreement for the state and local tax (SALT) deduction cap, which has been one of the key hang… ...

The fate of the sweeping GOP tax and spending bill hangs in the balance as senators continue to work on amendments and closed-door negotiations Tuesday morning following an all-night session.

“When we got this portion of the tax bill wrong in 2017 … and as I reminded our House leadership during the House negotiation times, that we lost a few of our Republican colleagues, especially ...

Senate GOP’s Tax Megabill Faces Trouble on Left and Right Revised Medicaid cuts, clean-energy changes cause friction among Republicans as SALT tensions also linger By ...