🇺🇸House·HR 246·119th Congress

SALT Fairness for Working Families Act

In Committee·Sponsored by Lauren Underwood Source
taxationfinance
Official summary (as filed)

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).

In Plain Language
Pocketbook TranslatorAI Estimate — Not Verified