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

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

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 ...

The tax landscape for millions of Americans is about to undergo a significant shift with proposed changes to 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, ...

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

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

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

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

A new proposal could raise the SALT deduction cap from $10,000 to $30,000. Here’s how it may affect homeowners.