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 ...

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

That means that if your income is above $500,000, the amount of SALT deduction you can claim starts to shrink. However, the ...

The State and Local Tax (SALT) deduction has been a pivotal aspect of the U.S. tax system, especially impacting taxpayers in ...

US House Speaker Mike Johnson (R-La.) is raising the proposed SALT (State and Local Tax) deduction cap to $40,000 in hopes of winning over moderates as lawmakers continue to deliberate over President ...

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

The Republican Party in the House is pushing a proposal to increase the SALT deduction cap from $10,000 to $40,000, offering ...

up from a previous proposal of $30,000, as part of a sweeping GOP-led tax plan. Known formally as the state and local tax deduction, or SALT, there used to be no limit on the deduction ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers.

That means that if your income is above $500,000, the amount of SALT deduction you can claim starts to shrink. However, the proposal could still change in the Senate. Here’s what you need to ...