HR 232
SALT Fairness and Marriage Penalty Elimination Act
Summary
SALT Fairness and Marriage Penalty Elimination Act This bill increases the limitation on the federal tax deduction for state and local taxes (commonly known as the SALT deduction cap) to $100,000 ($200,000 for married individuals filing a joint federal income tax return). Under current law, the SALT deduction cap is $10,000 ($5,000 for married individuals filing separate federal income tax returns).
Bill status
- Status
- In committee
- Sponsor
- Rep. Michael Lawler [R-NY-17]
- Cosponsors
- 4
- Policy area
- Taxation
- Introduced
- 2025-01-07
- Latest action
- 2025-01-07: Referred to the House Committee on Ways and Means.
Committee referrals
Recent actions
- 2025-01-07: Referred to the House Committee on Ways and Means.
- 2025-01-07: Introduced in House
- 2025-01-07: Introduced in House