The House bill includes SALT cap increases, changes to Medicaid and SNAP and new rules to claim child tax credits.

Many Americans who make less than $51,000 a year would see their after-tax income fall if the legislation is passed as is.

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 'One Big Beautiful Bill Act' proposes significant changes to the SALT deduction, raising the limit from $10,000 to ...

Pass-through businesses would enjoy a higher qualified business income deduction under the bill, which just passed in the House.

While a federal SALT cap is hotly debated, capping deductibility at $10,000 was an unambiguously good idea at the state level ...

At 6:54 a.m. this morning – after several days of political wrangling and an all-nighter House voting session – House ...

The House of Representatives narrowly passed a sweeping piece of legislation backed by former President Donald Trump ...

But the political implications ... bill includes a $40,000 SALT deduction cap for individuals making $500,000 or less — quadruple the current $10,000 deduction cap adopted as part of the 2017 ...

House Republicans approved a massive legislative package comprising the major pieces of President Trump’s domestic agenda ...

Daijiworld Media Network - Washington President Donald Trump’s controversial tax-cut bill, which aims to extend his 2017 tax breaks, cleared a major obstacle on May 18 after narrowly passing the House ...