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

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

Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the ...

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 ...

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

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

Issues over tax relief for blue state Republicans are coming to a head as the GOP crafts President Trump's "big, beautiful ...

Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...

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

House Republicans unveiled a comprehensive 389-page package of tax provisions, setting the stage for a significant tax bill ...

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 ...

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 ...