Senate Majority Leader John Thune has argued that the ability to write off state and local taxes only benefits homeowners in ...

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 ...

The SALT deduction cap should be $0. People should not be able to deduct their state and local tax burdens from their federal ...

One of the most important sticking points in negotiations about President Donald Trump’s signature tax-and-spending bill is ...

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

Households in the top 0.1% would reap more than $390,000 in tax savings, according to one analysis of the tax and spending ...

A late-night meeting between Speaker Mike Johnson (R-La.) and moderate Republicans fighting for an obscure tax break ended ...

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 ...

U.S. Rep. Elise Stefanik said she was the “deciding vote” on a megabill that quadrupled the maximum state and local tax ...

The narrow win for the bill, which hikes the deduction for state and local taxes to $40,000, came after Speaker Mike Johnson ...