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

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

While a federal SALT cap is hotly debated, capping deductibility at $10,000 was an unambiguously good idea at the state level ...

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

The 'One Big Beautiful Bill Act' aims to increase the SALT deduction cap from $10,000 to $40,000, promising relief for ...

The issue pits Republicans from high ... tax states against fiscal hardliners. The future of President Donald Trump's "One Big Beautiful Bill" that would fund his second-term agenda could depend ...

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

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

Raising the current $10,000 cap on the State and Local Tax (SALT) deduction would primarily benefit high earners ...

Recent SALT deduction changes mainly benefit married couples in high-tax states, raising questions about fairness and ...

The state and local tax deduction is up for consideration again on Capitol Hill. What does it mean for you and your property ...

NEW YORK, May 22 (Reuters) - Affluent earners who live in states with high property and income taxes may see some relief in President Donald Trump's tax plan. The Republican-led U.S. House of ...