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.

The real estate industry panicked when deductions for state and local taxes were slashed, but the new tax bill would bring ...

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

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

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

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

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

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

A weekend of negotiations reportedly led the four Republicans, who tanked the One Big Beautiful Bill Act in its current form ...