Finance ❯ Taxation ❯ Deductions ❯ State and Local Taxes

SALT Cap

IRS Refunds Climb Early in 2026 as New Tax Breaks Kick In, With Delays Likely

Staffing cuts and the required hold on EITC and ACTC returns mean many payments will not arrive until early March.

GOP Leaders Propose Five-Year $40,000 SALT Cap in Tax Bill

Senate Unveils Revised ‘Big, Beautiful Bill’ With Stricter Medicaid, $5 Trillion Debt Limit

Senate Faces GOP Divisions Over $40,000 SALT Deduction Cap Proposal

House Narrowly Passes Trump’s Sweeping Tax and Budget Bill