Republicans have reached a tentative deal to raise the limit on the state and local tax deduction to $40,000 a year for a ...

The Senate's version of the One Big Beautiful Bill takes the shine off some of Trump's most popular promises. Here's why.

The House wants to raise the SALT deduction cap, which would help wealthy Californians pay less in federal taxes. The Senate ...

Speaker Mike Johnson (R-La.) and Treasury Secretary Scott Bessent said negotiations over the state and local tax (SALT) ...

Moderate House Republicans from high-tax blue states and the Trump administration are zeroing in on an agreement for the ...

An AICPA statement after the bill was issued by the Senate Budget Committee lauded lawmakers for “diligent work to reject new ...

Which is why the true aim should be a SALT credit. Anything to localize spending and taxing as much as possible. There’s your ...

Senate and Congressional versions of the “big, beautiful bill” that extends the 2017 Tax Cuts & Jobs Act (TCJA) diverge sharply on key provisions. The $10,000 SALT cap — limiting state and local tax ...

Sen. Markwayne Mullin (R-OK), a key SALT intermediary, left the White House Thursday night without committing to a deal.

Before 2018, the tax break — including state and local income and property taxes — was unlimited for filers who itemized ...

All Johnson, Lawler, and other Republican moderates ask in return is to expand the budget deficit (which is already more than ...

Congress is debating whether to increase the cap on state and local tax (SALT) deductions, which would generally decrease the ...