The state and local tax deduction (SALT) has been getting attention lately. That's partly because President Trump floated the idea (supported by some Democrats) to "bring back SALT" (i.e., get rid ...

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 as part of the 2017 Tax Cuts and Jobs Act — a massive ...

The House Ways and Means Committee is eyeing a plan to increase the state and local tax (SALT) deduction cap by $30,000 for single and joint filers who make $400,000 or less a year, even after key ...

House Republicans in favor of increasing the deduction cap on state and local taxes (SALT) said they “still have some work to do” after the group huddled with Speaker Mike Johnson (R-La.) ...

This federal deduction for state and local taxes — the SALT deduction, for short — has a big influence on how the tax burden is divided. It tends to help taxpayers in wealthier, more urban ...

Rep. Nick LaLota (R-NY) said that members of a Republican voting bloc united in increasing the cap on state and local tax deductions don’t want to change the corporate SALT deduction to pay for ...