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 ...

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 ...

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 ...

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

If passed by the Senate, the new expanded SALT cap would benefit millions of big earners in high-tax states, including New ...

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 ...