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

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 ...

Speaker Mike Johnson (R-La.) and moderate Republicans have zeroed in on an agreement for the state and local tax (SALT) ...

The State and Local Tax (SALT) deduction has been a pivotal aspect of the U.S. tax system, especially impacting taxpayers in ...

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

Republican lawmakers reached a deal today to raise the cap for the state and local tax deduction, known as the SALT deduction. Find out more.

US House Speaker Mike Johnson (R-La.) is raising the proposed SALT (State and Local Tax) deduction cap to $40,000 in hopes of winning over moderates as lawmakers continue to deliberate over President ...

The Republican Party in the House is pushing a proposal to increase the SALT deduction cap from $10,000 to $40,000, offering ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers.

up from a previous proposal of $30,000, as part of a sweeping GOP-led tax plan. Known formally as the state and local tax deduction, or SALT, there used to be no limit on the deduction ...

That means that if your income is above $500,000, the amount of SALT deduction you can claim starts to shrink. However, the proposal could still change in the Senate. Here’s what you need to ...