Senate Republicans’ tax bill raises the 'SALT' deduction cap to $40,000. Here's who could benefit from the change.

Senate make a 180-turn, raising the SALT cap and reviving a loophole that allow rich Americans in high-tax states save money, experts say.

A popular tax break used in high-tax states such as New Jersey would be capped under a deal reached over the weekend by ...

Republicans have reached a tentative deal to raise the limit on the state and local tax deduction to $40,000 a year for a ...

New York Rep. Mike Lawler told Fox News Digital that he is pleased with the Senate's latest compromise on state and local tax ...

An AICPA statement after the bill was issued by the Senate Budget Committee lauded lawmakers for “diligent work to reject new ...

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

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.

Speaker Mike Johnson (R-La.) and Treasury Department Secretary Scott Bessent said negotiations over the state and local tax ...

The U.S. House of Representatives passed its version of Trump's tax plan, which, if approved, would raise the SALT cap from ...

Which is why the true aim should be a SALT credit. Anything to localize spending and taxing as much as possible. There’s your ...

Sen. Ron Johnson replies to the editorial board.