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.

Lawmakers are hoping to push the president’s massive tax and immigration agenda through a high-wire procedural vote.

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

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) ...

The bill would raise the SALT deduction cap from $10,000 to $40,000 for five years before snapping back to the $10,000 level ...

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

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

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 ...

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

Economist Martin Cantor reflects on four decades of efforts to preserve the SALT deduction and how its loss still threatens Long Island’s middle class.