Republican lawmakers in the House appeared to have reached a new agreement late Tuesday on the state and local tax deduction, ...

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 U.S. House bill proposes raising the federal deduction cap for state and local taxes (SALT) to $40,000, potentially ...

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

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

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

The U.S. House of Representatives passed the “One Big Beautiful Bill Act” by a slim 215-214 vote on Thursday, igniting a sharp divide across New York regarding its impact on health ...

The SALT deduction cap was introduced by Mr. Trump ... a University of Pennsylvania nonpartisan group that analyzes the fiscal impact of policy. That adds to the cost of a bill that has been ...

SALT allows taxpayers to deduct state and local taxes, including property tax, from their federal tax bill if they itemize ...

The SALT deduction, as it is known ... The cap had an even greater impact on taxpayers in the top 1%, whose average tax cut was $40,100, instead of $71,000. But those in the bottom 80% would ...

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