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.

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

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

Lawmakers are close to a deal that would raise the SALT cap to $40,000—offering potential tax relief for homeowners in ...

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 ...

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

Issues over tax relief for blue state Republicans are coming to a head as the GOP crafts President Trump's "big, beautiful ...

The budget bill passed by the House includes a provision to quadruple the state and local tax deduction, a boon for some ...

The agreement marks a big win for SALT cap crusaders like Rep. Mike Lawler (R-NY) and others who have demanded the SALT cap ...

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 ...