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

A new proposal could raise the SALT deduction cap from $10,000 to $30,000. Here’s how it may affect homeowners.

The budget bill passed by Congress raises the SALT deduction cap from $10,000 to $40,000, affecting taxes in New York.SALT stands for state and local tax, according to George Conboy, Chairman of Brighton Securities.

The House of Representatives passed the “one big, beautiful bill” Thursday morning, but not before the House Rules committee introduced

One of the most important sticking points in negotiations about President Donald Trump’s signature tax-and-spending bill is how generous to make the deduction for state and local taxes.

One big reason was a tax provision known as SALT, the state and local tax deduction. I asked Today, Explained’s Devan Schwartz — who just produced an episode about this bill — to explain ...

House Republicans passed a tax plan cutting over $700B from Medicaid, affecting nearly 14M Americans. What happens now?

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

For as long as Americans have paid federal income taxes, they’ve been able to subtract some of what they pay to their state and local governments from their taxable income. This federal deduction for state and local taxes — the SALT deduction,