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

House Republicans’ “big, beautiful bill” could bring hundreds of billions of dollars in tax cuts to wealthy business owners.

The changes to the SALT cap agreed to in negotiations after the House Ways and Means Committee passed its tax bill would add ...

Republicans’ tax-and-spending cut package faces a number of hurdles in its path to President Trump’s desk, but the state and ...

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 ...

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

As reported on May 16, 2025, the SALT cap proposal contained in the legislation that was pending in the U.S. House of ...

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 SALT deduction cap should be $0. People should not be able to deduct their state and local tax burdens from their federal ...

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, ...

President Donald Trump’s “One Big Beautiful Bill Act,” which narrowly passed through the House of Representatives early ...

The state and local tax deduction – often abbreviated as SALT – was a political flashpoint in the passage of the 2017 Tax Cuts and Jobs Act and is shaping up to be so again in 2025.