A proposed $40,000 cap on the SALT deduction reignites debate over who benefits most, especially in high-tax states.

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 ...

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

The State and Local Tax (SALT) deduction is a rule that helps people lower the amount of federal taxes they owe. It lets you ...

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

Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the ...

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Republicans in the House of Representatives have reached a deal to raise the cap on the federal deduction for state and local ...

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

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

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