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

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 ...

A proposed $40,000 cap on the SALT deduction reignites debate over who benefits most, especially in high-tax states.

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

Early Thursday morning, the House of Representatives passed the One Big Beautiful Bill Act by one vote. The bill had been ...

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 bill containing Trump's tax cuts and border and defense spending is expected to face some hurdles in the Senate.

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

The Joint Committee on Taxation, Congress’s in-house tax scorekeeper, released the much-anticipated score for the tax portion of the reconciliation bill.

Passing the massive tax package was a grueling process in the House — but its future in the Senate doesn’t look any easier.

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

Federal taxpayers in fiscally responsible states were subsidizing the excesses of states that refused to rein in their own ...