House Speaker Mike Johnson has reached a tentative deal with blue state Republican lawmakers to boost the cap on state and ...

Speaker Mike Johnson (R-La.) and moderate Republicans have zeroed in on an agreement for the state and local tax (SALT) ...

U.S. stock markets closed lower on Tuesday following concerns on President Trump’s proposed tax-cut bill. Market participants also remained worried about the U.S. fiscal prudence after sovereign ...

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

Currently, SALT allows taxpayers to deduct up to $10,000 of property taxes plus local and state income taxes, or state and local sales taxes that they already paid.

Republican leaders approach a long-sought agreement with lawmakers from high-tax states.

The new agreement, proposed to Republican lawmakers in liberal states, would raise the cap on SALT deductions from the $10,000 currently in place to $40,000 a year instead.

A new report shows that Utah taxpayers could be in for a major hit by the end of 2025, unless Congress passes President Trump ...

A faction of New York's Republican congressional delegation has threatened to reject any tax package that does not give a ...

WASHINGTON — President Donald Trump distanced himself from his full-throated campaign pledge of "restoring the SALT deduction ...

President Donald Trump's rallying speech to House Republicans Tuesday morning wasn't enough to convince some holdouts to ...

President Donald Trump dimmed the hopes of some Republicans Tuesday when he took a public swipe at their efforts to raise the cap on the federal income-tax deductions for state and local taxes paid, ...