House lawmakers are weighing a plan to raise the federal deduction cap for state and local taxes, a move that could reshape ...
Add Yahoo as a preferred source to see more of our stories on Google. awmakers are nearing a deal to raise the federal cap on state and local tax (SALT) deductions from $10,000 to $40,000 The SALT cap ...
Wed, July 9, 2025 at 5:22 PM UTC The sweeping new tax law that President Donald Trump signed into law on July 4 includes a valuable, but temporary, boost to the state and local tax (SALT) deduction: ...