HR 232 · 119th CongressIn Committeecongress.gov ↗

SALT Fairness and Marriage Penalty Elimination Act

What this bill does

AI plain-language summary

This 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.

Introduced

January 7, 2025

Policy Area

Taxation

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