As Republicans push for a comprehensive tax and spending bill, the spotlight is on the State and Local Tax (SALT) deduction.

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

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

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

Members in high-tax states are threatening to vote against the budget bill unless they see a hike in the SALT deduction.

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

Beyond increasing the SALT deduction cap, the bill includes several tax-related promises Trump ... but voiced some hesitation because of the political implications. The bill’s release comes ...

Futzing with the cap has serious implications on the total ... Importantly, even with the SALT cap, many wealthy households' tax bills are still smaller than they were in before the 2017 tax ...

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

As Congress deliberates these proposals, the potential impact on taxpayers, businesses, and the broader economy remains a ...

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