H.R. 246 · 119th Congress
SALT Fairness for Working Families Act
- Stage
- In committee
- Sponsor
- Lauren Underwood
- Introduced
- 2025-01-09
- Latest action
- 2025-01-09 · Introduced in House
Summary
SALT Fairness for Working Families Act
This bill increases the limitation on the federal tax deduction for state and local taxes (commonly known as the SALT deduction cap) to $15,000 ($30,000 for married individuals filing a joint federal income tax return).
Under current law, the SALT deduction cap is $10,000 ($5,000 for a married individuals filing separate federal income tax returns).