News

SALT deduction will do 'nothing for 90% of US taxpayers,' economists say
The SALT deduction cap is proving to be a major sticking point between House and Senate Republicans. Experts say expanding ...
Trump Speeds Up Tax Bill Deadline as Tentative SALT Deal Reached
Republicans have reached a tentative deal to raise the limit on the state and local tax deduction to $40,000 a year for a ...
How much can I deduct for my local taxes? Congress just decided
A popular tax break used in high-tax states like New Jersey would be capped under a deal reached over the weekend by ...
Key blue state Republican says Senate's local tax write-off offer is a 'good deal'
New York Rep. Mike Lawler told Fox News Digital that he is pleased with the Senate's latest compromise on state and local tax ...
SALT Caucus, White House zero in on key agreement in Trump megabill
Moderate House Republicans from high-tax blue states and the Trump administration are zeroing in on an agreement for the ...
Opinion
Committee for a Responsible Federal Budget3dOpinion
Senate SALT Giveaway is Far Bigger Than the House's
Instead of offering larger SALT giveways with new timing gimmicks, the Senate should consider a lower SALT cap and stronger limits on the deduction. As we’ve written elsewhere, additional limits on ...
The SALT Deduction Isn’t Big Enough. We Need A SALT Credit
Which is why the true aim should be a SALT credit. Anything to localize spending and taxing as much as possible. There’s your ...
Mike Johnson, Scott Bessent say SALT deal is ‘very, very close’
Speaker Mike Johnson (R-La.) and Treasury Department Secretary Scott Bessent said negotiations over the state and local tax ...
Calculate Your Gain Under a New SALT Cap
The state and local tax deduction, which primarily benefits wealthier Americans in high-tax areas, is one of the most disputed provisions of Trump’s tax bill.