The 'One Big Beautiful Bill Act' aims to increase the SALT deduction cap from $10,000 to $40,000, promising relief for ...

As the Senate considers next steps for the House-passed “big, beautiful” tax bill, the battle lines have been drawn for a ...

The House of Representatives passed its version of the fiscal year (FY) 2025 budget reconciliation bill on May 22 by the narrow margin of 215 to 214, with one Member voting present. The bill, titled ...

No one is calling for a return of the country club dues tax deduction, but even conservatives say that’s more defensible than ...

Young Kim told voters she was working to fully repeal the cap on SALT. Kim wasn’t referring ... tax policy Porter-backed bill seeks to restore SALT deductions capped under 2017 tax act Rather ...

Taxpayers in states like New York could save more under the new $40,000 SALT deduction cap. Here's how it would work.

Some congressional lawmakers are trying to lift Trump-era caps on state and local tax deductions as part of the new Republican tax bill.

The House just made a move that could shake up tax season for a lot of Americans-especially those in high-tax states. Lawmakers voted to raise the cap on the SALT deduction (short ...

One of the most controversial tax provisions in President Donald Trump’s “big, beautiful bill” could soon be retooled in the ...