A U.S. House bill proposes raising the federal deduction cap for state and local taxes (SALT) to $40,000, potentially ...

Federal taxpayers in fiscally responsible states were subsidizing the excesses of states that refused to rein in their own ...

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

The future of President Donald Trump's "Big Beautiful" federal spending bill could come down to SALT tax deductions.

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

The "one big, beautiful bill" includes a new tax break for coastal elites. It's a deduction for up to $40,000 of state and ...

The version passed by the House increases that deduction limit to $40,000. The increase was a big point of contention for ...

The 'One Big Beautiful Bill Act' aims to increase the SALT deduction cap from $10,000 to $40,000, promising relief for ...

Recent SALT deduction changes mainly benefit married couples in high-tax states, raising questions about fairness and ...

Congressional Republicans are moving quickly to pass a mammoth tax and spending cuts package that could have a direct impact on millions of Americans and drastic consequences for the economy.

NEW YORK, May 22 (Reuters) - Affluent earners who live in states with high property and income taxes may see some relief in President Donald Trump's tax plan. The Republican-led U.S. House of ...

The tax provisions of the House Republican reconciliation bill double down on the failures of the 2017 tax law, which was ...