In a post Tuesday on Truth Social, Trump suggested he would scrap a $10,000 cap on deducting state and local taxes (SALT) that was passed ... pro-energy policies will make life affordable again ...

Congressional Republicans are halfway through a critical four-week stretch for passing President ... cuts and the state and local tax (SALT) deduction cap. Top lawmakers are looking to advance ...

Former President Trump sounded an about-face Tuesday on the controversial tax policy known as the SALT deduction cap, breaking from a major provision in his signature piece of domestic policy.

After a marathon overnight session by the House Rules Committee, House Republicans appear close to finalizing a deal that would raise the federal cap on state and local tax (SALT) deductions from ...

Republicans are seeking a deal between members from New York, New Jersey and California — who had threatened to block the bill without a sufficient increase to the $10,000 cap on SALT deductions ...

In 2017, the Tax Cuts and Jobs Act overhauled federal tax code, capping the SALT deduction at $10,000 per year for "property taxes plus state income or sales taxes." Most of the changes made in ...

After clashing with their own party's leadership, House Republicans just came to an agreement and passed a $40,000 cap on SALT. As approved in the House, the benefit would begins to phase out at $ ...

Centrist Republicans from blue tax states have been pushing hard to increase the $10,000 SALT cap. For months, Republican leadership has been meeting with those members to negotiate how much they ...

But the TCJA imposed a $10,000 cap — which, when coupled with the expanded standard deduction under that tax law, meant the number of people who claimed the SALT deduction fell dramatically ...

In 2017, the sweeping federal Tax Cuts and Jobs Act put in place a $10,000 cap on SALT deductions, which hit those with high incomes and high property values hard — particularly in high-tax ...