Politiparty
Politiparty

119th Congress Taxation

H.R. 246: SALT Fairness for Working Families Act

Introduced

  1. Introduced (completed)Jan 9, 2025
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Jan 9, 2025

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).

Written by the Congressional Research Service, Library of Congress.

Roll calls

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Amendments

0 offered

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Cosponsors

1

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Other bills by Lauren Underwood

History

  1. Jan 9, 2025Introduced in the House by Lauren Underwood.
Show the full action history (2 actions)
  1. Jan 9, 2025Introduced in House
  2. Jan 9, 2025Referred to the House Committee on Ways and Means.