U.S. Rep. Elise Stefanik said she was the “deciding vote” on a megabill that quadrupled the maximum state and local tax ...

Senate Majority Leader John Thune has argued that the ability to write off state and local taxes only benefits homeowners in ...

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.

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 ...

Several New York House Republicans are taking rapid credit for a $40,000 SALT cap passed in the budget bill early on Thursday ...

California Republicans were pleased that lower- and middle-income residents will be able to deduct more of their state and ...

The bill now faces a difficult test of making it through a Republican-controlled Senate with different preferences and ...

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

The SALT deduction cap should be $0. People should not be able to deduct their state and local tax burdens from their federal ...