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

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 ...

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

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 Republican lawmaker said a budget bill with a SALT deduction cap as low as $30,000 would not get her support.

Republican lawmakers reached a deal today to raise the cap for the state and local tax deduction, known as the SALT deduction. Find out more.

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...

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

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

US House Speaker Mike Johnson (R-La.) is raising the proposed SALT (State and Local Tax) deduction cap to $40,000 in hopes of winning over moderates as lawmakers continue to deliberate over President ...

The State and Local Tax (SALT) deduction is a rule that helps people lower the amount of federal taxes they owe. It lets you deduct the state and local taxes you’ve already paid, like income tax, ...