Rep. Mike Lawler came to Yorktown Friday, August 1, to take a victory lap on his advocacy for a raise in the cap on the ...

Here's what Trump's new tax law really means for the upper-middle class, according to tax and finance experts.

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 over $500,000.

The Senate has lowered the proposed SALT deduction cap from $40K to $10K, leading to an angry outcry from the House ...

The law doesn't revert SALT to the status quo before 2017, and the change is only temporary. But it provides a significant increase in the SALT deduction for the next five years.

Analyzing the distribution of these benefits reveals a complex picture of who truly gains from these changes .

The One Big Beautiful Bill Act, recently signed into law by President Donald Trump, contains some measures that could help ...

The new $40,000 cap on SALT deductions in Trump’s big bill aids homeowners most in these cities Home prices could creep up in high-tax areas as more buyers seek to benefit from the SALT deduction ...

To claim the deduction, entrepreneurs would need to fill out Schedule A, also known as form 1040, when completing their taxes. The cap was first introduced by the Tax Cuts and Jobs Act in 2017.

The One Big Beautiful Bill Act (OBBBA) made plenty of changes to the tax law. If you earn six figures, watch out for these ...

Passed via the Tax Cuts and Jobs Act, or TCJA, of 2017, there’s a $10,000 limit on the SALT deduction through 2025, which has been a pain point for certain lawmakers in high-tax blue states.

There’s currently a $10,000 limit on the federal deduction for state and local taxes, known as SALT. As part of President Donald Trump’s megabill, Senate Republicans on Tuesday passed a SALT ...