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

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 ...

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

The multitrillion-dollar GOP tax bill would have detrimental impacts on sustainability efforts in the U.S., according to ...

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

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

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 ...

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

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

The future of President Donald Trump's "Big Beautiful" federal spending bill could come down to SALT tax deductions.

House Republicans passed a bill to raise the ‘SALT’ deduction cap to $40,000. Here’s who would benefit from the change.