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H.R. 2660

SALT Fairness for Working Families Act

SALT Fairness for Working Families Act

This bill increases the limit on the individual income tax deduction 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 that amount in the case of a joint return) and requires the increased limit to be adjusted for inflation after 2023.

Referred to the House Committee on Ways and Means.

Rep. Underwood, Lauren [D-IL-14](D-IL)Sponsor
1 cosponsor1 D
1cosponsors1committees3actions3related bills
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    Ways and Means Committee
  2. IntroReferralIntro-H

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SALT Fairness for Working Families Act — Informed