Republican lawmakers in the House appeared to have reached a new agreement late Tuesday on the state and local tax deduction, ...

A U.S. House bill proposes raising the federal deduction cap for state and local taxes (SALT) to $40,000, potentially ...

Federal taxpayers in fiscally responsible states were subsidizing the excesses of states that refused to rein in their own ...

While a federal SALT cap is hotly debated, capping deductibility at $10,000 was an unambiguously good idea at the state level ...

The 'One Big Beautiful Bill Act' aims to increase the SALT deduction cap from $10,000 to $40,000, promising relief for ...

The version passed by the House increases that deduction limit to $40,000. The increase was a big point of contention for ...

The issue pits Republicans from high ... tax states against fiscal hardliners. The future of President Donald Trump's "One Big Beautiful Bill" that would fund his second-term agenda could depend ...

Raising the current $10,000 cap on the State and Local Tax (SALT) deduction would primarily benefit high earners ...

SALT allows taxpayers to deduct state and local taxes, including property tax, from their federal tax bill if they itemize ...

The state and local tax deduction is up for consideration again on Capitol Hill. What does it mean for you and your property ...

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

The bill retains the current tax rates while including NAR-supported provisions, including a qualified business income ...