H.R. 2439 · 117th Congress
SALT Fairness for Working Families Act
- Stage
- In committee
- Sponsor
- Lauren Underwood
- Introduced
- 2021-04-08
- Latest action
- 2021-04-08 · Introduced in House
Summary
SALT Fairness for Working Families Act
This bill increases the limit on the individual income tax deduction for certain state and local taxes, which is currently $10,000 per year ($5,000 for a married taxpayer filing a separate return). The bill increases the limit to $15,000 (twice that amount in the case of a joint return) and requires the increased limit to be adjusted for inflation after 2021.