Lawmakers are close to a deal that would raise the SALT cap to $40,000—offering potential tax relief for homeowners in ...

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...

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

New York City-area Republican members of Congress were able to include a huge increase in property tax deductions in the ...

In a phone call, Smith told the Washington Examiner that he expects only marginal changes from the Senate, which is now ...

Rep. Mike Lawler backed legislation that would quadruple the SALT deduction on federal taxes from $10,000 to $40,000.

One of the most contentious issues in the “big, beautiful” tax bill is how much to raise the state and local tax deduction, ...

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

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

The outcry against the low $10,000 SALT deduction limit ... the cap, New Yorkers making $500,000 could deduct tens of thousands of dollars in state and local taxes from federal taxable income ...

Senate Republicans are staring down a collision course with the House as they weigh possible changes to the state and local tax (SALT) deduction cap as part of larger revisions to the party’s ...