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

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 ...

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

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

The current cap is $10,000 for the state and local property tax deduction. A previous proposal would raise it to $30,000 ...

Republicans in the House of Representatives have reached a deal to raise the cap on the federal deduction for state and local ...

Several New York House Republicans are taking rapid credit for a $40,000 SALT cap passed in the budget bill early on Thursday ...

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

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

Taxpayers in states like New York could save more under the new $40,000 SALT deduction cap. Here's how it would work.

Republican lawmakers reached a deal today to raise the cap for the state and local tax deduction, known as the SALT deduction ...