President Donald Trump's newly passed "One Big Beautiful Bill" includes a major win for homeowners in high-tax states: a ...

Trump’s tax law includes a $40,000 SALT cap. Here’s who qualifies. Posted July 12, 2025 1:23 pm. By Jeff Stein The new GOP tax law quadruples how much people can deduct in state and local ...

Before the changes, Trump proposed raising the SALT deduction cap to $30,000 for couples and $15,000 for individuals. If a taxpayer’s income was above $500,000, his or her deduction would be ...

Before the changes, Trump proposed raising the SALT deduction cap to $30,000 for couples and $15,000 for individuals. If a taxpayer's income was above $500,000, his or her deduction would be ...

Trump said Wednesday that resolving the contentious debate over the SALT cap is imperative to passing his multitrillion dollar tax bill. “It’s very difficult, and I understand both sides, but ...

The higher cap — set at $40,000 for filers making under $500,000 per year — is temporary, lasting only five years. Filers earning more than $500,000 will see gradually diminishing benefits ...

Trump urges SALT deal as Lawler stands firm on $40,000 cap June 18, 2025 Updated Wed., June 18, 2025 at 12:42 p.m. Representative Mike Lawler (Victor J. Blue/Bloomberg) ...

Republican senators consider $30,000 SALT cap in Trump tax bill On Politics: Lifting SALT cap is no sure bet under Trump Rep. Mike Lawler receives boos, jeers at circus-like town hall ...