A federal deduction that could help affluent filers in high-tax states is once again up for debate.

WASHINGTON — Long Island House Republicans are doubling down on their demand that the massive budget bill backed by President ...

Rep. Nick LaLota says raising taxes on top earners would help Trump get the votes he needs to pass his massive tax and ...

The GOP's ambitious tax and spending bill faces internal challenges, particularly over the SALT deduction cap. A faction of ...

President Donald Trump's budget bill faced a setback as Republican divisions led to its defeat in the House Budget Committee.

A SALT exclusion is different from a deduction. In a deduction, the money you spend on state and local taxes is deducted from your taxable income. So it will only partially reduce your federal tax ...

A key House Republican who is pushing for a higher cap for state and local tax deductions sought to revive the idea of ...

A Republican tax proposal could give people age 65 and older an additional deduction of $4,000 in a "senior bonus" that would ease the tax burden on older adults - although it would not end taxes on ...

House Speaker Mike Johnson has been holding meetings with the various factions in an effort to reach an agreement.

Five Republicans joined all Democrats to reject the GOP's tax and spending package in a House Budget Committee vote.

With much of President Donald Trump’s agenda hinging on the “big, beautiful” budget bill, Republicans in Congress are . . .

The framework of President Trump's "big, beautiful' tax bill is coming into focus. Here is a look at what it will likely ...