From an increase in the child tax credit to a repeal of student loan forgiveness, here's how Trump's "big beautiful bill" ...

Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the ...

Republican lawmakers in the House appeared to have reached a new agreement late Tuesday on the state and local tax deduction, ...

A U.S. House bill proposes raising the federal deduction cap for state and local taxes (SALT) to $40,000, potentially ...

The U.S. House of Representatives passed the “One Big Beautiful Bill Act” by a slim 215-214 vote on Thursday, igniting a ...

The version passed by the House increases that deduction limit to $40,000. The increase was a big point of contention for ...

SALT allows taxpayers to deduct state and local taxes, including property tax, from their federal tax bill if they itemize ...

"I think the reason why it's salient is because it does have a noticeable impact on those taxpayers. It does affect in terms of their net liability," he said. "If you have $25,000 in SALT ...

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 ...

Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...

The House tax bill lifts the SALT deduction cap to $40,000 ... a University of Pennsylvania nonpartisan group that analyzes the fiscal impact of policy. That adds to the cost of a bill that ...