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 ...

As reported on May 16, 2025, the SALT cap proposal contained in the legislation that was pending in the U.S. House of ...

House Republicans passed a bill to raise the ‘SALT’ deduction cap to $40,000. Here’s who would benefit from the change.

That means that if your income is above $500,000, the amount of SALT deduction you can claim starts to shrink. However, the ...

The State and Local Tax (SALT) deduction has been a pivotal aspect of the U.S. tax system, especially impacting taxpayers in ...

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 Republican Party in the House is pushing a proposal to increase the SALT deduction cap from $10,000 to $40,000, offering ...

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

That means that if your income is above $500,000, the amount of SALT deduction you can claim starts to shrink. However, the proposal could still change in the Senate. Here’s what you need to ...

(CNN) — Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers.

House GOP leadership has agreed to a series of last-minute changes to its sweeping tax and spending package designed to win ...