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U.S. Rep. Elise Stefanik said she was the “deciding vote” on a megabill that quadrupled the maximum state and local tax ...
Senate Majority Leader John Thune has argued that the ability to write off state and local taxes only benefits homeowners in ...
For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state ...
The "one big, beautiful bill" includes a new tax break for coastal elites. It's a deduction for up to $40,000 of state and ...
The narrow win for the bill, which hikes the deduction for state and local taxes to $40,000, came after Speaker Mike Johnson ...
One of the most important sticking points in negotiations about President Donald Trump’s signature tax-and-spending bill is ...
The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000 ...
House lawmakers debated the contours of President Donald Trump’s tax cuts throughout the night as they race to meet a ...
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