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This move marks a reversal in policy on SALT deductions, one of the most contentious features of the 2017 Tax Cuts and Jobs Act.
Only those earning $500,000 or less could take advantage of the full $40,000 cap, under the bill the Senate passed.
Donald Trump’s sweeping tax bill scraped through the Senate with a tie-breaking vote from VP JD Vance, but faces turbulence ...
The SALT deduction cap is proving to be a major sticking point between House and Senate Republicans. Experts say expanding ...
The bill aims to extend the income-tax cuts from the 2017 tax law while widening the state and local tax deduction.
Senate Republicans’ tax bill raises the "SALT" deduction cap to $40,000. Here's who could benefit from the change.
Senate Republicans coalesced to pass President Donald Trump's colossal "big, beautiful bill" early Tuesday morning, which ...