Lawmakers are close to a deal that would raise the SALT cap to $40,000—offering potential tax relief for homeowners in ...

The "one big, beautiful bill" includes a new tax break for coastal elites. It's a deduction for up to $40,000 of state and ...

The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.

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

Pass-through businesses would enjoy a higher qualified business income deduction under the bill, which just passed in the House.

The State and Local Tax (SALT) deduction cap has sparked renewed debate in U.S. tax policy. While some argue for increasing ...

The bill retains the current tax rates while including NAR-supported provisions, including a qualified business income ...

While a federal SALT cap is hotly debated, capping deductibility at $10,000 was an unambiguously good idea at the state level ...

House committees have labored on the legislation, which runs a whopping 1,116 pages and is titled the “One Big Beautiful Bill ...