Speaker Mike Johnson (R-La.) said he expects to have a deal on the state and local tax (SALT) deduction cap Wednesday, after both sides of the tenuous negotiations reported progress following a ...

Speaker Mike Johnson (R-La.) said he expects to have a deal on the state and local tax (SALT) deduction cap on Wednesday, after both sides of the tenuous negotiations reported progress following a ...

The extension of the increased standard deduction, which was $29,200 for married couples and $14,600 for individual filers in 2024, would add $1.3 trillion to the deficit. However, the Trump tax ...

It seeks to extend the tax breaks approved during Trump’s first term — and boost the standard deduction, child tax credit and estate tax exemption — while adding new tax breaks on tipped ...

in the smallest drone bombardment this year as the warring countries prepare for possible peace talks in Turkey. The Kremlin hasn’t directly responded to Ukrainian President Volodymyr Zelenskyy ...

In one of the most long-awaited details, the legislation increases the state and local tax (SALT) deduction cap from ... tax groups had railed against that possibility, but Trump pushed for ...

Not in the bill are provisions on the state and local tax (SALT) deduction cap, which is perhaps the most controversial of the tax laws under consideration. The SALT cap is a popular deduction in ...

House Minority Leader Hakeem Jeffries (D-N.Y.) is roasting Republicans as they joust internally for a deal on the state and local tax (SALT) deduction cap. Jeffries said if Republicans were ...