H.R. 5872 · 115th Congress
To amend the Internal Revenue Code of 1986 to increase the limitation on the deduction for State and local taxes.
- Stage
- In committee
- Sponsor
- Dana Rohrabacher
- Introduced
- 2018-05-17
- Latest action
- 2018-05-17 · Introduced in House
Summary
This bill amends the Internal Revenue Code to increase the limitation on individual deductions for certain state and local taxes to $20,000 (currently $10,000) per year for individuals or $10,000 (currently $5,000) for married individuals filing a separate return.