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

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 ...

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

Moderate House Republicans from high-tax blue states and the Trump administration are zeroing in on an agreement for the ...

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

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.

Notably, by changing the bill, the total Senate bill will cost $37 billion more than it would have, according to the Joint Committee on Taxation.

We estimate the Senate’s direct SALT relief is roughly 10 percent larger than the House, and the combined SALT relief and Alternative Minimum Tax (AMT) changes are two-thirds larger.1 If made ...

Republicans are set to meet behind closed doors Saturday afternoon to test support.