The U.S. House of Representatives has passed a new tax and spending bill that significantly alters the state and local tax ...

Senate Majority Leader John Thune has argued that the ability to write off state and local taxes only benefits homeowners in ...

Republicans brokered a deal for the tax bill after division on raising the SALT deduction cap from $10,000. Democrats call ...

Senate Republicans are staring down a collision course with the House as they weigh possible changes to the state and local tax (SALT) deduction cap as part of larger revisions to the party’s ...

Taxpayers in states like New York could save more under the new $40,000 SALT deduction cap. Here's how it would work.

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 ...

If passed by the Senate, the new expanded SALT cap would benefit millions of big earners in high-tax states, including New ...

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

White House press secretary Karoline Leavitt declined to give an answer to RCP reporter Phil Wegmann's question about whether ...

The future of President Donald Trump's "Big Beautiful" federal spending bill could come down to SALT tax deductions.

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, ...