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 ...

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

The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.

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

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

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

New York's political leaders are trading barbs over a provision in President Donald Trump's "big, beautiful" budget bill that ...

The recent tax and spending bill passed by the U.S. House of Representatives aims to make permanent the 2017 tax cuts and ...

Republican Jack Ciattarelli and Democrat Mikie Sherrill traded sharp criticism on social media this week over a proposed ...

House Republicans are sending a clear and early warning to their Senate allies as the bill encompassing President Trump’s domestic priorities heads to the upper chamber: Don’t water it down. House ...

The House bill includes SALT cap increases, changes to Medicaid and SNAP and new rules to claim child tax credits.