SALT Fairness and Marriage Penalty Elimination Act
In committeeWhat this bill is intended to do
SALT Fairness and Marriage Penalty Elimination Act This bill increases the limitation on the federal tax deduction for state and local taxes (commonly known as the SALT deduction cap) to $100,000 ($200,000 for married individuals filing a joint federal income tax return). Under current law, the SALT deduction cap is $10,000 ($5,000 for married individuals filing separate federal income tax returns).
Latest action
Jan 7, 2025Referred to the House Committee on Ways and Means.
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