Republican lawmakers in the House appeared to have reached a new agreement late Tuesday on the state and local tax deduction, ...

A U.S. House bill proposes raising the federal deduction cap for state and local taxes (SALT) to $40,000, potentially ...

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

The version passed by the House increases that deduction limit to $40,000. The increase was a big point of contention for ...

While a federal SALT cap is hotly debated, capping deductibility at $10,000 was an unambiguously good idea at the state level ...

The bill retains the current tax rates while including NAR-supported provisions, including a qualified business income ...

The U.S. House of Representatives passed the “One Big Beautiful Bill Act” by a slim 215-214 vote on Thursday, igniting a ...

One big debate over the bill was for SALT, or State and Local Tax, deductions. SALT currently lets people deduct $10,000 from their taxes if they itemize when they file. The version passed by the ...

We have a call to action on the passthrough entity SALT deduction because it has a huge impact to our members and, of course, their clients, too. Then with regards to the IRS, that is something we’re ...

The bill proposes significant changes to student loan repayment options, Medicaid eligibility and the tax code.

California Republicans were pleased that lower- and middle-income residents will be able to deduct more of their state and ...