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 ...

The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000 ...

Speaker Mike Johnson (R-La.) and moderate Republicans have zeroed in on an agreement for the state and local tax (SALT) ...

The agreement marks a big win for SALT cap crusaders like Rep. Mike Lawler (R-NY) and others who have demanded the SALT cap ...

New York Republicans find themselves in the middle of the fight over the deductibility of state and local taxes in the ...

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

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

Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the ...

The potential reduction in federal revenues would be enough to buy 13 new aircraft carriers. The USS Mike Lawler, anyone?