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

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 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 ...

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 ...

Ultimately, the future of Trump's 'One Big Beautiful Bill Act' may hinge on the Senate's ability to find a compromise on the SALT cap that meets both their savings goals and the demands of ...