Senate Republicans plan to lower the SALT cap, which limits how much earners can deduct for state and local taxes.

The tax deduction was crucial to getting the bill through the House. Senate action would set up a showdown with blue state ...

President Donald Trump signed a proclamation on Wednesday banning travel from 12 countries, citing national security concerns ...

The House passed the 'One Big Beautiful Bill Act' to end the SALT workaround, make Trump’s 2017 tax cuts permanent, and ...

Donald Trump and Republican senators discussed ways to scale back the $40,000 state and local tax deduction cap in the House ...

Moderate House Republicans from high-tax blue states are warning senators that they will not give the “big, beautiful bill” a final stamp of approval if they change their proposal for the state ...

Wealthy heirs, owners of multimillion-dollar partnerships, and private equity investors would be among the big winners from ...

Congress faces pressure to refine tax policy by eliminating ineffective deductions and securing permanent tax cuts to help ...

The passthrough entity tax/state and local tax deduction remains a priority for the AICPA. The budget bill now being ...

The House-approved tax bill could end the popular ‘SALT’ deduction workaround for certain pass-through businesses. Here’s ...

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

Senate Majority Leader John Thune believes the deal that led the US House to increase the maximum deduction for state and ...