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

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

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

The budget bill passed by Congress raises the SALT deduction cap from $10,000 to $40,000, affecting taxes in New York.SALT ...

The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000 ...

Republican lawmakers reached a deal today to raise the cap for the state and local tax deduction, known as the SALT deduction ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...

One of the most important sticking points in negotiations about President Donald Trump’s signature tax-and-spending bill is ...

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

For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state ...