The debate over SALT was among the sticking points that delayed the bill’s passage through the House. As it enters the Senate ...

No one is calling for a return of the country club dues tax deduction, but even conservatives say that’s more defensible than ...

As the Senate considers next steps for the House-passed “big, beautiful” tax bill, the battle lines have been drawn for a ...

The 'Big Beautiful Bill' seeks to cement Trump’s 2017 tax cuts and alter the SALT deduction, raising concerns among ...

Breaking that out more, 20% of taxpayers in California’s 40th Congressional District — represented by Kim, it covers eastern ...

A U.S. House bill proposes raising the federal deduction cap for state and local taxes (SALT) to $40,000, potentially benefiting affluent earners in high-tax states. This adjustment, phasing out for ...

The House of Representatives passed its version of the fiscal year (FY) 2025 budget reconciliation bill on May 22 by the narrow margin of 215 to 214, with one Member voting present. The bill, titled ...

Some congressional lawmakers are trying to lift Trump-era caps on state and local tax deductions as part of the new Republican tax bill.

While a federal SALT cap is hotly debated, capping deductibility at $10,000 was an unambiguously good idea at the state level. States would be smart to stick with the current cap or, better yet, go ...