The measure is often referred to as the SALT income tax deduction. (SALT stands for “state and local taxes.”) It allows ...

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

The One Big Beautiful Bill extends tax cuts from Trump’s first term, implements new campaign proposals — including no taxes ...

On July 4, 2025, President Donald Trump signed the reconciliation bill, known as the “Big Beautiful Bill” (“BBB”), which ...

Senate Republicans’ tax bill raises the “SALT” deduction cap to $40,000. Here’s who could benefit from the change.

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.

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. If ...

Senate Republicans’ tax bill raises the "SALT" deduction cap to $40,000. Here's who could benefit from the change.

New York ranks highest in the nation for state and local tax collections per capita at $12,685 as of 2022, according to the latest data from the Tax Foundation, a right-leaning think tank.