Tentative Deal Reached on Tax Deduction Cap Increase

Republican leaders and moderate members from high-tax states have reached a preliminary agreement to increase the cap on state and local tax deductions, according to a report by Politico.

This tentative deal signifies a key step but still requires broader approval among Republicans who are divided on the issue.

The agreement is part of ongoing negotiations aimed at finalizing a comprehensive tax bill, with further discussions expected as both sides seek consensus.

(With inputs from agencies.)