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 ...

House Republicans have reconvened for a potential all-night session on their multitrillion-dollar tax breaks package. Speaker ...

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

President Donald Trump is growing frustrated with demands to significantly boost the cap on the state and local tax deduction ...

House Republicans are advancing President Donald Trump’s big bill of tax breaks, spending cuts and beefed-up border security ...