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

The bill aims to extend the income-tax cuts from the 2017 tax law while widening the state and local tax deduction.

Senate Republicans appear to have President Donald Trump’s big bill back on track after a flurry of last-minute revisions.

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

Republicans have reached a tentative deal to raise the limit on the state and local tax deduction to $40,000 a year for a five-year period, according to a person familiar with the matter.

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

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

A provision in the Republicans’ tax and spending bill will help determine a limit on what high-income Californians can deduct ...

The U.S. House of Representatives passed its version of Trump's tax plan, which, if approved, would raise the SALT cap from ...

In 2024 (taxes filed in 2025), the state and local income tax deduction allows you to deduct up to $10,000 ($5,000 if married filing separately) ... » MORE: How the SALT deduction works.

A tax deduction reduces your taxable income and how much tax you owe. ... SALT, charitable contributions, medical expenses above 7.5% of her AGI, and business expenses.