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

Issues over tax relief for blue state Republicans are coming to a head as the GOP crafts President Trump's "big, beautiful ...

The Republican lawmaker said a budget bill with a SALT deduction cap as low as $30,000 would not get her support.

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

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

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

The Republican tax plan would raise the $10,000 cap for the state and local property tax deduction to $30,000 for families making up to $400,000.

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 State and Local Tax (SALT) deduction is a rule that helps people lower the amount of federal taxes they owe. It lets you deduct the state and local taxes you’ve already paid, like income tax, ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...

US House Speaker Mike Johnson (R-La.) is raising the proposed SALT (State and Local Tax) deduction cap to $40,000 in hopes of winning over moderates as lawmakers continue to deliberate over President ...

The Republican Party in the House is pushing a proposal to increase the SALT deduction cap from $10,000 to $40,000, offering ...