Utah could lose an estimated $381 million from federal Medicaid cuts if Congress passes the bill as written. Though it’s a ...

Two potential New York gubernatorial challengers helped negotiate a federal provision to quadruple the contentious $10,000 cap on the amount taxpayers can deduct from their state and ...

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

Democrats publicly blasted the Trump administration. Meanwhile, Republicans worked behind the scenes to keep some parks open ahead of Memorial Day.

The U.S. House of Representatives passed the “One Big Beautiful Bill Act” by a slim 215-214 vote on Thursday, igniting a ...

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

The House bill includes SALT cap increases, changes to Medicaid and SNAP and new rules to claim child tax credits.

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

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

The tax provisions of the House Republican reconciliation bill double down on the failures of the 2017 tax law, which was ...

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