Baked into House Republicans’ sweeping tax package is an increase to the federal deduction for state and local taxes, a ...

Senate Majority Leader John Thune believes the deal that led the US House to increase the maximum deduction for state and ...

House lawmakers on Thursday morning passed changes for the federal deduction for state and local taxes, known as SALT, as ...

On May 22, the House of Representatives passed proposed tax legislation titled, “The One, Big, Beautiful Bill” (TOBBB), which will now be debated ...

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, ...

If passed by the Senate, the new expanded SALT cap would benefit millions of big earners in high-tax states, including New ...

Early Thursday morning, the House of Representatives passed the One Big Beautiful Bill Act by one vote. The bill had been ...

House Republican leadership Wednesday night unveiled last-minute tweaks to President Trump’s tax cut and spending priorities ...

The future of President Donald Trump's "Big Beautiful" federal spending bill could come down to SALT tax deductions.

Republicans in the House of Representatives have reached a deal to raise the cap on the federal deduction for state and local ...

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

Republicans’ tax-and-spending cut package faces a number of hurdles in its path to President Trump’s desk, but the state and local tax (SALT) deduction cap could be the tallest to surmount.