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

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

The state and local tax deduction is up for consideration again on Capitol Hill. What does it mean for you and your property ...

Republican leaders and a group of moderate GOP lawmakers from high-tax states have reached a tentative agreement to raise the ...

On May 22, 2025, the U.S. House of Representatives passed the “One Big Beautiful Bill Act” (the “BBB”) as part of the Republican ...

Republican congressmen, including Long Island's Andrew Garbarino and Nick LaLota, led the fight to increase the state and ...

One major sticking point, the state and local tax deduction cap, salt, as it's known ... So we may have developments on this. The real deadline here is kind of end of the week as as as what ...

The SALT deduction cap, which was first instituted in ... and the Organisation for Economic Cooperation and Development. The Republican tax plan leaves in place the so-called carried interest ...

discusses the agreement by Congressional Republicans to increase the state and local tax deduction to $40,000 and says he feels "much better about where the bill is" after this development.

Centrist Republicans from blue tax states have been pushing hard to increase the $10,000 SALT cap. For months, Republican leadership has been meeting with those members to negotiate how much they ...