The House-approved tax bill could end the popular 'SALT' deduction workaround for certain pass-through businesses. Here's ...

Moderate House Republicans from high-tax blue states are warning senators that they will not give the “big, beautiful bill” a final stamp of approval if they change their proposal for the state ...

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

Senate Majority Leader John Thune believes the deal that led the US House to increase the maximum deduction for state and ...

The passthrough entity tax/state and local tax deduction remains a priority for the AICPA. The budget bill now being ...

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 ...

House GOP leadership has agreed to a series of last-minute changes to its sweeping tax and spending package designed to win ...

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, ...

Early Thursday morning, the House of Representatives passed the One Big Beautiful Bill Act by one vote. The bill had been ...

On May 22, the House of Representatives passed proposed tax legislation titled, “The One, Big, Beautiful Bill” (TOBBB), which will now be debated ...

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

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