Senate Republicans on Tuesday passed changes to the federal deduction for state and local taxes, known as SALT, as part of President Donald Trump’s multitrillion-dollar spending bill ...

SALT for months has been one of the most contentious parts of the GOP’s bill full of Trump’s legislative priorities, with moderate House Republicans from high-tax blue states — including ...

Senate Republicans on Tuesday passed changes to the federal deduction for state and local taxes, known as SALT, as part of President Donald Trump's multitrillion-dollar spending bill. Passed via ...

When the Senate released its revisions to the state and local tax provision of the so-called "One Big Beautiful Bill," it made a 180-degree turn on the contentious SALT cap. It raised the SALT ...

Senate Republicans on Tuesday passed changes to the federal deduction for state and local taxes, known as SALT, as part of President Donald Trump 's multitrillion-dollar spending bill.

If enacted, the Senate bill would lift the cap to $40,000 starting in 2025. That benefit would start to phaseout, or decrease, for consumers who earn more than $500,000 of income.

Senate Republicans on Tuesday passed changes to the federal deduction for state and local taxes, known as SALT, as part of President Donald Trump's multitrillion-dollar spending bill. Passed via ...

If enacted, the Senate bill would lift the cap to $40,000 starting in 2025, with the phaseout starting over $500,000 of income. Both figures would increase by 1% yearly through 2029 and the ...