After years of debate, the U.S. House of Representatives passed a bill that raises the cap on the state and local tax ...

The new GOP tax law quadruples how much people can deduct in state and local taxes off their federal returns, offering ...

State and local taxes were a major focal point of the reconciliation negotiations, exposing that Republicans' troubles didn't ...

The endlessly debated cap on deductions for state and local taxes (SALT) has emerged in the GOP megabill largely ...

The House wants to raise the SALT deduction cap, which would help wealthy Californians pay less in federal taxes. The Senate disagrees.

The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually ...

President Trump is scheduled to sign the bill into law at 4 p.m. on July 4 at the White House, locking in tax reductions and ...

The budget-busting measure includes trillions in tax cuts for the wealthy and corporations along with harsh cuts to Medicaid and food stamps.

Debate will now begin on the spending bill – and that could take hours as New York Democratic Sen. Chuck Schumer has promised to have the nearly 1,000-page measure read before a final vote on ...

The Senate is starting a lengthy series of votes on amendments to their massive tax and spending bill Monday morning as ...

Senate Republicans voted to advance their massive tax and spending bill late Saturday night after hours of delays and ...

The Senate launched a rare weekend session Saturday as Republicans race to pass President Donald Trump’s package of tax ...