Republican senators are considering placing a $30,000 cap on the state and local tax deduction as a compromise between ...

With Congress considering changes to the SALT cap, Goldman Sachs’ analysis found that high-income earners are continuing to ...

CPA societies from 53 states and jurisdictions have backed the AICPA in the PTET SALT deduction effort. On Thursday, five ...

The tax deduction was crucial to getting the bill through the House. Senate action would set up a showdown with blue state ...

Senate Republicans indicated on Wednesday they are prepared to reduce the size of a key tax deduction in President Trump’s “big, beautiful bill” that was backed by moderates in the House, setting ...

Johnson was able to secure the support of moderate Republicans by raising the SALT cap and a Senate-approved reduction may ...

The high-tax states aren’t represented by Republicans in the Senate, and the bill is predicted to be extremely costly.

The state and local tax deduction, SALT, permits taxpayers who itemize when filing end-of-year taxes to deduct certain taxes ...

President Trump’s domestic agenda bill is spurring a debate over whether blue states are subsidizing red states. After a successful pressure campaign from blue-state Republicans, the House version ...

Senate Republicans met on Wednesday to discuss the $40,000 SALT cap, among other provisions, that was included in the House version of the reconciliation legislation.

Republican senators are considering placing a $30,000 cap on the state and local tax deduction as a compromise between current law and the more generous limit in House’s version of President Donald ...