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

U.S. Rep. Elise Stefanik said she was the “deciding vote” on a megabill that quadrupled the maximum state and local tax ...

Democrats publicly blasted the Trump administration. Meanwhile, Republicans worked behind the scenes to keep some parks open ahead of Memorial Day.

The U.S. House of Representatives passed the "One Big Beautiful Bill Act" by a slim 215-214 vote on Thursday, igniting a ...

California Republicans were pleased that lower- and middle-income residents will be able to deduct more of their state and ...

Catch up on the political news of the past week in the latest At the Races newsletter, including budget reconciliation and ...

The version passed by the House increases that deduction limit to $40,000. The increase was a big point of contention for ...

The 1,116-page bill the House passed early Thursday morning to enact President Trump’s ambitious legislative agenda faces a ...

Republican congressmen, including Long Island's Andrew Garbarino and Nick LaLota, led the fight to increase the state and ...

As "One Big Beautiful Bill Act" is expected to reduce taxes, experts argue whether it will cater to the value or growth ...

The House bill includes SALT cap increases, changes to Medicaid and SNAP and new rules to claim child tax credits.