Republican lawmakers reached a deal today to raise the cap for the state and local tax deduction, known as the SALT deduction. Find out more.

House Speaker Mike Johnson offered GOP holdouts a detailed proposal on Monday to set the SALT deduction cap at $40,000 for anyone who makes less than $751,600 a year. Why it matters: But Johnson (R-La.

Speaker Mike Johnson (R-La.) and moderate Republicans have zeroed in on an agreement for the state and local tax (SALT) deduction cap, multiple sources told The Hill, solving a critical hang-up

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House Republicans’ passing “one big,

Raising the current $10,000 cap on the State and Local Tax (SALT) deduction would primarily benefit high earners

Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the country and a high-income tax rate layered on top, New York residents are disproportionately affected by the current $10,000 cap on state and local tax deductions.

Issues over tax relief for blue state Republicans are coming to a head as the GOP crafts President Trump's "big, beautiful bill."

The SALT deduction lets people reduce the amount ... but not repealing, the cap. The GOP proposal would cut taxes and extend President Donald Trump’s 2017 tax cuts due to expire this year.