President Donald Trump told Senate Republicans he is open to a state and local tax deduction cap lower than the $40,000 in ...

The House of Representatives passed its version of the fiscal year (FY) 2025 budget reconciliation bill on May 22 by the narrow margin of 215 to 214, with one Member voting present. The bill, titled ...

The high-tax states aren’t represented by Republicans in the Senate, and the bill is predicted to be extremely costly.

Members of the SALT Caucus and Republican House leadership have agreed to a compromise on raising the cap on state and local tax deductions, a breakthrough for the GOP as it tries to pass its $4 ...

Taxpayers in states like New York could save more under the new $40,000 SALT deduction cap. Here's how it would work.

As President Donald Trump’s sweeping tax bill inches through Congress ... Republicans in Congress have joined in support of raising the cap from $10,000 to $30,000. The bipartisan SALT caucus includes ...

The GOP’s One Big Beautiful Bill – which makes sweeping changes to federal policies on taxes, health care, and much more – ...

The Joint Committee on Taxation, Congress’s in-house tax scorekeeper, released the much-anticipated score for the tax portion of the reconciliation bill.

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 ...

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

As President Donald Trump’s sweeping tax bill inches through Congress ... have joined to support raising the cap from $10,000 to $30,000. The bipartisan SALT caucus includes Republican members ...