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 ...

The higher SALT cap would mean millions of mostly high-income taxpayers in high-tax states would save thousands of dollars ...

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

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

Lawmakers are close to a deal that would raise the SALT cap to $40,000—offering potential tax relief for homeowners in ...

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, ...

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

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

One of the most important sticking points in negotiations about President Donald Trump’s signature tax-and-spending bill is ...

Federal taxpayers in fiscally responsible states were subsidizing the excesses of states that refused to rein in their own ...

Republican leaders approach a long-sought agreement with lawmakers from high-tax states.