Baked into House Republicans’ sweeping tax package is an increase to the federal deduction for state and local taxes, a change that top earners will likely benefit the most from.  Republicans in the ...

The changes to the SALT cap agreed to in negotiations after the House Ways and Means Committee passed its tax bill would add ...

House lawmakers on Thursday morning passed changes for the federal deduction for state and local taxes, known as SALT, as ...

The State and Local Tax (SALT) deduction is a rule that helps people lower the amount of federal taxes they owe. It lets you deduct the state and local taxes you’ve already paid, like income tax, ...

If passed by the Senate, the new expanded SALT cap would benefit millions of big earners in high-tax states, including New ...

Early Thursday morning, the House of Representatives passed the One Big Beautiful Bill Act by one vote. The bill had been ...

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

The tax bill passed by the House of Representatives on May 22, called the “One Big Beautiful Bill Act,” has more than 1,000 ...

Here’s the rundown of significant late alterations made to secure passage of the reconciliation bill, which would enact much ...

Few states have more riding on the future of the SALT deduction than New York. With some of the highest property taxes in the ...

Federal taxpayers in fiscally responsible states were subsidizing the excesses of states that refused to rein in their own ...

In a phone call, Smith told the Washington Examiner that he expects only marginal changes from the Senate, which is now ...