Senate Majority Leader John Thune believes the deal that led the US House to increase the maximum deduction for state and ...

Baked into House Republicans’ sweeping tax package is an increase to the federal deduction for state and local taxes, a ...

As the Senate considers next steps for the House-passed “big, beautiful” tax bill, the battle lines have been drawn for a ...

If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phase out ...

Senate Majority Leader John Thune has argued that the ability to write off state and local taxes only benefits homeowners in ...

Federal taxpayers in fiscally responsible states were subsidizing the excesses of states that refused to rein in their own ...

On May 22, the House of Representatives passed proposed tax legislation titled, “The One, Big, Beautiful Bill” (TOBBB), which will now be debated ...

Republicans in the House of Representatives have reached a deal to raise the cap on the federal deduction for state and local ...

Senate Republicans are staring down a collision course with the House as they weigh possible changes to the state and local tax (SALT) deduction cap as part of larger revisions to the party’s ...

The Joint Committee on Taxation, Congress’s in-house tax scorekeeper, released the much-anticipated score for the tax portion of the reconciliation bill.

House Republicans passed a bill to raise the ‘SALT’ deduction cap to $40,000. Here’s who would benefit from the change.

Baked into House Republicans’ sweeping tax package is an increase to the federal deduction for state and local taxes, a change that ... REPUBLICANS TO BOOST CAP ON SALT DEDUCTION Tucked into ...