The State and Local Tax (SALT) deduction has been a pivotal aspect of the U.S. tax system, especially impacting taxpayers in ...

U.S. Rep. Elise Stefanik said she was the “deciding vote” on a megabill that quadrupled the maximum state and local tax ...

The 1,116-page bill the House passed early Thursday morning to enact President Trump’s ambitious legislative agenda faces a swarm of objections from Senate Republicans. GOP senators are calling ...

Connecticut’s congressional delegation joined opposition to House Republicans’ “big beautiful bill” designed to carry out ...

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 provisions of the House Republican reconciliation bill double down on the failures of the 2017 tax law, which was ...

The Republican Party in the House is pushing a proposal to increase the SALT deduction cap from $10,000 to $40,000, offering ...

House Republicans advanced a multi-trillion-dollar tax and spending package that could have sweeping impacts on household ...

The State and Local Tax (SALT) deduction is a rule that helps people lower the amount of federal taxes they owe. It lets you deduct the state and local taxes you’ve already paid, like income tax, ...

One of the most contentious issues in the “big, beautiful” tax bill is how much to raise the state and local tax deduction, or SALT, for tax filers. Here's what that means.

Early Thursday morning, the House of Representatives passed the One Big Beautiful Bill Act by one vote. The bill had been ...