HR 246 · 119th CongressIn Committeecongress.gov ↗
What this bill does
AI plain-language summaryThis bill would raise the limit on how much people can deduct from their federal taxes for state and local taxes they paid. The current limit is $10,000 per person, but this bill would increase it to $15,000 for single people and $30,000 for married couples filing together. For married people who file separate tax returns, the limit would stay at $5,000 each.
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