Congress passed a giant tax bill that includes the Senate's SALT changes that allow rich Americans in high-tax states to save ...

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

In a narrow vote Tuesday, the Senate passed its version of the massive Republican tax and spending bill. Here's what would ...

Senate Republicans passed changes to the federal deduction for state and local taxes, known as SALT. Here's how the SALT ...

This move marks a reversal in policy on SALT deductions, one of the most contentious features of the 2017 Tax Cuts and Jobs Act.

Final tax reform bill preserves SALT and PTET deductions for traders and professionals, avoiding SSTB carve-outs and ensuring ...

The Senate has approved a significant change to the State and Local Tax (SALT) deduction, raising the limit to $40,000.

The new GOP tax law quadruples how much people can deduct in state and local taxes off their federal returns, offering ...

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

President Donald Trump’s “big beautiful bill” raises the SALT deduction cap to $40,000. Here’s who will benefit.

There’s currently a $10,000 limit on the federal deduction for state and local taxes, known as SALT. As part of President Donald Trump’s megabill, Senate Republicans on Tuesday passed a SALT ...