Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do ...

The state and local tax (SALT) deduction cap has been a contentious issue since its introduction in 2017. While it primarily ...

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

President Trump’s tax-and-spending cut bill centers on an extension of his previous round of tax cuts, which Republicans ...

Officially titled the "One Big, Beautiful Bill Act," this megabill fulfills a laundry list of President Donald Trump's camp ...

Members of the conservative House Freedom Caucus say they are working with the White House on a deal that would secure their support for the party’s “big, beautiful bill,” claiming they had ...

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

It looks like a tentative deal has been brokered on Capitol Hill to provide a new SALT cap​, increasing the state and local tax deduction from $10,000 to $40,000.

A key committee meeting on the GOP’s “big, beautiful bill” is dragging into the daylight Wednesday, as Democrats needle ...

The pieces could finally be falling into place for Speaker Mike Johnson to pass his “big, beautiful bill” as soon as today.