House Republicans are clashing with their own party's leadership in a battle to raise or eliminate the $10,000 cap on the SALT deduction. Here’s what you need to know: What is SALT tax deduction?

This meaty budget reconciliation bill includes a provision to increase the state and local tax, or SALT, deduction limit. If the changes make it through the Senate, certain taxpayers could see big ...

The sweeping GOP tax bill calls for an above-the-line deduction of up to $10,000 in car loan interest during a given taxable year. You'd pay no tax on that interest, if you qualified. The proposed ...

The deduction would only apply to cash tips and could be claimed by people who earn up to $160,000, which would rise along with inflation. Ending taxes on tips would cost around $110 billion in ...

The President of the Aeronautical Information Management Association of Nigeria, Dr Ibrahim Audu, has appealed to the Federal Government to halt the 50 per cent revenue deductions from aviation ...

In a surprising twist, the fate of the current House Republican tax package might hinge on a proposal to raise the State and Local Tax (SALT) deduction cap. The first version of the bill was voted ...

Thanks to the Trump administration’s 2017 tax overhaul, that deduction was capped at $10,000 annually. As a result of that law, and other changes, about 13% of county filers deducted what they ...

Her expertise is in personal finance and investing, and real estate. A payroll deduction plan refers to a plan where an employer withholds money from an employee's paycheck for a variety of ...

Increasing the $10,000 cap on the state and local tax deduction could benefit millions of tax filers. But a proposal to do just that has become a point of contention and a possible roadblock to ...

Malliotakis said it wasn't easy to triple the deduction in this iteration, but now they're in negotiations to see what they can do to balance varying SALT interests. Meanwhile, hardliner GOP ...

Google LLC today unveiled Google Beam, a new artificial intelligence-powered enterprise-focused 3D video communication platform designed to bring remote collaboration closer to in-person interaction.

Trump’s proposed ‘bonus deduction’ in the One Big Beautiful Bill Act faces Senate pushback over deficit and social program ...