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

In the midst of negotiations for the 'One Big Beautiful Bill Act,' a group of Republicans known as the 'SALT caucus' emerged ...

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 ...

The tax landscape for millions of Americans is about to undergo a significant shift with proposed changes to the state and ...

The framework of President Trump's "big, beautiful' tax bill is coming into focus. Here is a look at what it will likely ...

One of the more contentious issues has been how to address the $10,000 SALT cap. Lawmakers from high tax states (including New York, New Jersey, and California) believed they had the upper hand in ...

This has seemingly been forgotten in the ongoing debate about state and local taxes (SALT), and the deduction of those payments against federal taxes paid. It’s a reminder that when the Tax Cuts ...

Evidently, the RINOs feel the same way, so instead of presenting an ideal amount to increase the SALT deduction cap, the SALT caucus, like the Democrats, wants to hold the bill hostage as long as ...

The fate of President Donald Trump’s tax legislation may rest on whether the GOP can find common ground on tax breaks for high earners in predominantly Democratic states — and the issue also ...

House Republicans passed a bill to raise the ‘SALT’ deduction cap to $40,000. Here’s who would benefit from the change.