The current $40,000 SALT cap that was brokered appears likely to stay as any changes would undoubtedly cost votes from the ...

Senate Republicans coalesced to pass President Donald Trump's colossal "big, beautiful bill" early Tuesday morning, which ...

The bill aims to extend the income-tax cuts from the 2017 tax law while widening the state and local tax deduction.

Senate make a 180-turn, raising the SALT cap and reviving a loophole that allow rich Americans in high-tax states save money, experts say.

House Speaker Mike Johnson (R-Louisiana) and his lieutenants still have work to do with the House to meet a July 4 deadline ...

The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually ...

Senate make a 180-turn, raising the SALT cap and reviving a loophole that allow rich Americans in high-tax states save money, experts say.

The endlessly debated cap on deductions for state and local taxes (SALT) has emerged in the GOP megabill largely ...