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

The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000 ...

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 ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...

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

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, ...

Speaker Mike Johnson (R-La.) and moderate Republicans have zeroed in on an agreement for the state and local tax (SALT) ...

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

The House just made a move that could shake up tax season for a lot of Americans-especially those in high-tax states. Lawmakers voted to raise the cap on the SALT deduction (short ...

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

often referred to as the SALT deduction, to $40,000, Politico reported. The increased cap is a key element of President Donald Trump's multi-trillion-dollar tax cut proposal. SALT refers to the ...