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H.R. 1757

To amend the Internal Revenue Code of 1986 to increase the limitation on the amount individuals can deduct for certain State and local taxes.

This bill increases the limit on individual income tax deductions 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 the amount in the case of a joint return) and requires the limit to be adjusted for inflation after 2019.

Referred to the House Committee on Ways and Means.

Rep. Underwood, Lauren [D-IL-14](D-IL)Sponsor
20 cosponsors20 D
20cosponsors1committees3actions2related bills5subjects
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    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

To amend the Internal Revenue Code of 1986 to increase the limitation on the amount indivi… — Informed