News

The One Big Beautiful Bill Act would reduce taxes for many, but the size of the benefit varies by income and could be offset ...
The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.
The Republican's 'big, beautiful bill' brings the State and Local Tax (SALT) deduction back into focus. With proposed changes ...
Federal taxpayers in fiscally responsible states were subsidizing the excesses of states that refused to rein in their own ...
Senate Republicans are staring down a collision course with the House as they weigh possible changes to the state and local tax (SALT) deduction cap as part of larger revisions to the party’s ...
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 ...
The future of President Donald Trump's "Big Beautiful" federal spending bill could come down to SALT tax deductions.
House Republican leaders released a new version of President Donald Trump’s massive tax and spending bill with a higher limit ...