HR 430 · 119th CongressIn Committeecongress.gov ↗

SALT Deductibility Act

What this bill does

AI plain-language summary

This bill would remove the current limit on how much people can deduct for state and local taxes on their federal tax returns. Right now, people can only deduct up to $10,000 in state and local taxes ($5,000 if married and filing separately) from 2018 through 2025. After this bill passes, there would be no limit on this deduction again.

Introduced

January 15, 2025

Policy Area

Taxation

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