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.

As President Donald Trump works to muscle his sweeping tax and spending cuts package through Congress, a network of ...

The potential reduction in federal revenues would be enough to buy 13 new aircraft carriers. The USS Mike Lawler, anyone?

One of the most important sticking points in negotiations about President Donald Trump’s signature tax-and-spending bill is ...

Republican lawmakers reached a deal today to raise the cap for the state and local tax deduction, known as the SALT deduction. Find out more.

A key committee worked through the night on the legislation as Republican leaders sought agreement from various party ...

Members of the conservative House Freedom Caucus say they are working with the White House on a deal that would secure their ...

The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000 ...

The SALT deduction has been a contentious issue in U.S. tax policy, especially under President Trump's administration. As new ...

Republicans’ tax-and-spending cut package faces a number of hurdles in its path to President Trump’s desk, but the state and ...

The emerging agreement would set the cap on the state and local tax deduction, or SALT, at $40,000. That is up from $10,000 ...

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