HR 232 · 119th CongressIn Committeecongress.gov ↗
What this bill does
AI plain-language summaryThis bill would increase the limit on how much people can deduct from their federal taxes for state and local taxes they pay. Currently, people can deduct up to $10,000, but this bill would raise that limit to $100,000 for most people. For married couples filing their taxes together, the limit would be $200,000 instead of the current $10,000.
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