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

A proposed $40,000 cap on the SALT deduction reignites debate over who benefits most, especially in high-tax states.

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

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

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

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

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

The future of President Donald Trump's "Big Beautiful" federal spending bill could come down to SALT tax deductions.

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  How ...

The tax bill passed by the house has a major change for Americans ... going to take that standard deduction over the salt deduction. If this $40,000 cap becomes law, they could deduct all $ ...

However, the proposal could still change in the Senate ... in addition to federal taxes. Right now, SALT deduction are capped at $10,000. That cap was put in place in 2017, and it’s set to ...