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

Although the deal is not done yet, House Speaker Mike Johnson and a group of GOP lawmakers mostly from the New York suburbs ...

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

Republicans brokered a deal for the tax bill after division on raising the SALT deduction cap from $10,000. Democrats call ...

The narrow win for the bill, which hikes the deduction for state and local taxes to $40,000, came after Speaker Mike Johnson ...

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

With President Donald Trump’s limit on state and local income tax (SALT) reductions expiring, New Yorkers could soon see an increased cap. Republicans this week reached a ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers.

In an effort to save President Donald Trump's "big, beautiful bill," House Republicans have put a new "heightened ...