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

The GOP-backed 'One Big Beautiful Bill Act' proposes a significant increase in the SALT deduction limit, aiming to appease ...

As reported on May 16, 2025, the SALT cap proposal contained in the legislation that was pending in the U.S. House of ...

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

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) ...

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

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

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 ...

But a proposal to do just that has become a point ... which are otherwise scheduled to expire this year. The SALT deduction, as it is known, enables federal income tax filers to deduct either ...