HR 246 · 119th Congress — SALT Fairness for Working Families Act
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…
- Congress
- 119
- Bill
- HR 246
- Status
- Introduced
- Introduced
- 2025-01-09
- Latest action date
- 2025-01-09
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).
This summary may describe an earlier version. Check the official record for current wording.
Latest action
Referred to the House Committee on Ways and Means.
Sponsors
- Rep. Underwood, Lauren [D-IL-14]
Democratic · Illinois · House District 14 · Democratic