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

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

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

It looks like a tentative deal has been brokered on Capitol Hill to provide a new SALT cap​, increasing the state and local ...

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 ...

Republicans in the House of Representatives have reached a deal to raise the cap on the federal deduction for state and local ...

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

House Speaker Mike Johnson reached a tentative deal with blue state GOP lawmakers on Tuesday to boost the cap on state and ...

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