The budget bill passed by the House includes a provision to quadruple the state and local tax deduction, a boon for some ...

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

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

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.

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, ...

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 ...

Lawmakers are close to a deal that would raise the SALT cap to $40,000—offering potential tax relief for homeowners in ...

Taxpayers in states like New York could save more under the new $40,000 SALT deduction cap. Here's how it would work.

The House of Representatives just approved a tax bill that could raise the State and Local Tax (SALT) deduction cap for some ...

If passed by the Senate, the new expanded SALT cap would benefit millions of big earners in high-tax states, including New ...

A new proposal could raise the SALT deduction cap from $10,000 to $30,000. Here’s how it may affect homeowners.