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

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

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 ...

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 ...

House Republicans’ release of the tax provisions in their massive fiscal bill provides a crucial initial reading of what party leaders think could pass, culminating weeks ...

The House's nearly $4 trillion tax package is set for a makeover in the Senate starting this week when lawmakers return to ...

In this episode of Tax Notes Talk, Tax Notes Capitol Hill reporters Cady Stanton and Katie Lobosco discuss the final version of the House’s reconciliation bill and what’s next as the legislation heads ...

The bill retains the current tax rates while including NAR-supported provisions, including a qualified business income deduction increase and the SALT deduction.