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.

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

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

The Reconciliation Bill being debated in the Senate contains many tax provisions beyond extending portions of the Tax Cuts ...

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 ...

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

The Senate is on the verge of advancing Trump’s priorities, dubbed the One Big Beautiful Bill. Here’s how it could change the ...

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

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 ...

SALT deduction. Individual taxpayers could lose big under the Senate’s version of the controversial SALT, or state and local tax, deduction.. In 2017, Trump’s first major tax bill capped SALT ...