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The bill, designed to carry out Trump’s agenda on taxes, immigration and energy, could have several implications for ...

The fate of the state and local tax deduction, or SALT, is dividing lawmakers by geography as well as politics.

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

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

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

The U.S. House of Representatives has passed the “One Big Beautiful Bill,” a wide-ranging package that includes changes to ...

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

The US House of Representatives is understood to have passed the ‘One Big, Beautiful Bill Act’ — a sprawling tax and spending ...

Republican congressmen, including Long Island's Andrew Garbarino and Nick LaLota, led the fight to increase the state and ...

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 ...