As the Senate considers next steps for the House-passed “big, beautiful” tax bill, the battle lines have been drawn for a ...

Republican lawmakers reached a deal today to raise the cap for the state and local tax deduction, known as the SALT deduction ...

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 ...

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 ...

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

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, ...

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

The Republican lawmaker said a budget bill with a SALT deduction cap as low as $30,000 would not get her support.

The SALT deduction lets people reduce the amount ... but not repealing, the cap. The GOP proposal would cut taxes and extend President Donald Trump’s 2017 tax cuts due to expire this year.