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 ...

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

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

White House press secretary Karoline Leavitt declined to give an answer to RCP reporter Phil Wegmann's question about whether ...

The budget bill passed by the House includes a provision to quadruple the state and local tax deduction, a boon for some ...

The bill proposes significant changes to student loan repayment options, Medicaid eligibility and the tax code.

The House of Representatives just approved a tax bill that could raise the State and Local Tax (SALT) deduction cap for some ...

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

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

That means that if your income is above $500,000, the amount of SALT deduction you can claim starts to shrink. However, the ...