SALT Cap Raised to $40K Under 'Big Beautiful Bill': How Indian-Americans Stand to Gain US President Donald Trump's flagship policy document "The One Big Beautiful Bill Act" is all set to become law as ...

The $40,000 cap would begin this year, with the same $500,000 income phaseout, and both figures would rise by 1% annually from 2026 through 2033.

Senate Republicans’ tax bill raises the “SALT” deduction cap to $40,000. Here’s who could benefit from the change.

Senate lawmakers have changed language in the One Big Beautiful Bill Act that would have caused a tax hike for lawyers, accountants, dentists, and other service providers.

The total market capitalization of stablecoins surged to a record high on Wednesday, data showed, as the U.S. Senate passed a bill to regulate the sector, a major step towards legitimising a once ...

The Senate GOP’s sweeping tax bill would keep a popular property tax deduction limited to $10,000, drawing the ire of lawmakers from high-tax states.

Republicans who have staked their backing on the state and local tax deduction issue could be key votes when the bill returns to the House.