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

Republican lawmakers in the House appeared to have reached a new agreement late Tuesday on the state and local tax deduction, ...

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

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

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

The SALT deduction, as it is known, enables federal income tax filers ... The cap had an even greater impact on taxpayers in the top 1%, whose average tax cut was $40,100, instead of $71,000. But ...

The House-passed One Big Beautiful Bill Act (OBBBA) would add roughly $3 trillion to the debt including interest throug ...

Breaking that out more, 20% of taxpayers in California’s 40th Congressional District — represented by Kim, it covers eastern ...

The future of President Donald Trump's "Big Beautiful" federal spending bill could come down to SALT tax deductions.

Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...

The version passed by the House increases that deduction limit to $40,000. The increase was a big point of contention for ...

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