Baked into House Republicans’ sweeping tax package is an increase to the federal deduction for state and local taxes, a ...

As reported on May 16, 2025, the SALT cap proposal contained in the legislation that was pending in the U.S. House of ...

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

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

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

The Joint Committee on Taxation, Congress’s in-house tax scorekeeper, released the much-anticipated score for the tax portion of the reconciliation bill.

President Donald Trump’s “One Big Beautiful Bill Act,” which narrowly passed through the House of Representatives early ...

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

The new version of the Trump tax bill would raise the state and local tax deduction cap to $40,000, in an effort win over a ...

Republicans’ tax-and-spending cut package faces a number of hurdles in its path to President Trump’s desk, but the state and ...

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

President Donald Trump is growing frustrated with demands to significantly boost the cap on the state and local tax deduction ...