News

U.S. Rep. Elise Stefanik said she was the “deciding vote” on a megabill that quadrupled the maximum state and local tax ...
Issues over tax relief for blue state Republicans are coming to a head as the GOP crafts President Trump's "big, beautiful ...
The SALT deduction cap should be $0. People should not be able to deduct their state and local tax burdens from their federal ...
Speaker Mike Johnson (R-La.) and moderate Republicans have zeroed in on an agreement for the state and local tax (SALT) ...
The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000 ...
The agreement marks a big win for SALT cap crusaders like Rep. Mike Lawler (R-NY) and others who have demanded the SALT cap ...
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 ...
A late-night meeting between Speaker Mike Johnson (R-La.) and moderate Republicans fighting for an obscure tax break ended ...
One of the most important sticking points in negotiations about President Donald Trump’s signature tax-and-spending bill is ...
The current version of the proposal calls for the state and local tax deduction cap to be hiked to $30,000, which a group of ...
The proposal ends some taxes on tipped income and overtime pay and extends Trump’s expiring 2017 tax cuts.