The state and local tax deduction – often abbreviated as SALT – was a political flashpoint in the passage of the 2017 Tax Cuts and Jobs Act, and is shaping up to be so again in 2025.

House lawmakers debated the contours of President Donald Trump’s tax cuts throughout the night as they race to meet a ...

Despite insisting for months they wanted green energy tax credits to be handled with a scalpel in their sweeping reconciliation measure, moderate Republicans ultimately accepted a sledgehammer ...