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

For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state and local governments from their taxable income. This federal deduction for state and local taxes — the SALT deduction,

U.S. Rep. Elise Stefanik said she was the “deciding vote” on a megabill that quadrupled the maximum state and local tax deduction.

The "one big, beautiful bill" includes a new tax break for coastal elites. It's a deduction for up to $40,000 of state and local taxes.

The narrow win for the bill, which hikes the deduction for state and local taxes to $40,000, came after Speaker Mike Johnson won over right-wing fiscal hawks and a small group of rebels from the

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

The agreement marks a big win for SALT cap crusaders like Rep. Mike Lawler (R-NY) and others who have demanded the SALT cap be lifted as part of reconciliation.

One of the most important sticking points in negotiations about President Donald Trump’s signature tax-and-spending bill is how generous to make the deduction for state and local taxes.

House lawmakers debated the contours of President Donald Trump’s tax cuts throughout the night as they race to meet a self-imposed deadline to approve the legislation by Thursday.Republicans started the hearing at 1 a.