A proposed $40,000 cap on the SALT deduction reignites debate over who benefits most, especially in high-tax states.

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

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to House ...

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

The proposed House GOP tax bill raises ‘SALT’ deduction cap to $30,000 for most taxpayers. Here’s who would benefit the most, ...

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

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

SALT allows taxpayers to deduct state and local taxes, including property tax, from their federal tax bill if they itemize ...

Rep. Mike Lawler said the lower cap on the federal deduction for state and local tax payments, also known as SALT, has had a “negative impact” on New York. “There were key provisions that ...

When campaigning for reelection last year, Rep. Young Kim told voters she was working to fully repeal the cap on SALT. Kim wasn’t referring to the top of a shaker for a condiment used to flavor ...