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

A U.S. House bill proposes raising the federal deduction cap for state and local taxes (SALT) to $40,000, potentially ...

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

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

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

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

Capping the SALT deduction at $30,000 and phasing it out for higher incomes would cost $916 billion. Lawmakers in the ultra-conservative House Freedom Caucus are already alarmed at the impact of ...

One big debate over the bill was for SALT, or State and Local Tax, deductions. SALT currently lets people deduct $10,000 from their taxes if they itemize when they file. The version passed by the ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers.

The bill retains the current tax rates while including NAR-supported provisions, including a qualified business income ...