The Tax Cuts and Jobs Act, signed into law by former President Donald Trump in December 2017, represented the most ...

The federal deduction for state and local taxes (SALT) is back in the spotlight. Senate Republicans unveiled their tax plan Monday, leaving millions of Americans wondering what it means for their ...

The new law lifts what had been a $10,000 cap to $40,000 for tax year 2025 and then adjusts it upward by 1% a year for 2026, ...

A deduction to defray homeowners’ state income taxes and local property taxes is getting much more generous, following fierce ...

The new tax law hiked the SALT deduction cap to $40,000. That’s good news for taxpayers in high tax states, but it’s a ...

State and local taxes were a major focal point of the reconciliation negotiations, exposing that Republicans' troubles didn't ...

President Trump is scheduled to sign the bill into law at 4 p.m. on July 4 at the White House, locking in tax reductions and ...

The bill passed on almost strictly partisan lines, with two Republicans voting against the spending plan, but it still passed by four votes.

The House passed the "big, beautiful bill" after a grueling session and met President Donald Trump's deadline for July 4 passage.

Final tax reform bill preserves SALT and PTET deductions for traders and professionals, avoiding SSTB carve-outs and ensuring pass-through parity.

The fight over deductions for state and local taxes almost sunk President Trump ’s megabill, which is headed to his desk with a new $40,000 cap on the deductions, up from $10,000.

Congress has passed President Donald Trump's 'Big, Beautiful Bill,' a landmark piece of tax cuts and spending legislation containing many of the Republican's campaign promises.