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

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

Republicans in the House of Representatives have reached a deal to raise the cap on the federal deduction for state and local ...

House Speaker Mike Johnson reached a tentative deal with blue state GOP lawmakers on Tuesday to boost the cap on state and ...

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

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 ...

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

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

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

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

Proposed changes to the SALT deduction cap could deliver significant tax relief to many Americans, especially higher earners ...