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

Senate Majority Leader John Thune has argued that the ability to write off state and local taxes only benefits homeowners in ...

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

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 ...

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

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

The House Ways and Means Committee in a Monday meeting proposed raising the cap on state and local tax deductions to $30,000 but limiting them to those earning under $400,000, according to people ...

House Speaker Mike Johnson said Republicans have reached an agreement to increase the state and local tax deduction to ...

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

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

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