House Speaker Mike Johnson offered GOP holdouts a detailed proposal on Monday to set the SALT deduction cap at $40,000 for ...

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

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 ...

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

House Republicans passed President Donald Trump’s “one big, beautiful bill” on May 22. This meaty budget reconciliation bill ...

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 new version of the Trump tax bill would raise the state and local tax deduction cap to $40,000, in an effort win over a ...

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

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 ...

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

President Donald Trump is growing frustrated with demands to significantly boost the cap on the state and local tax deduction ...