HR 232 ยท SALT Fairness and Marriage Penalty Elimination Act
Referred to the House Committee on Ways and Means.
- Introduced
- Jan 7, 2025
- Latest action
- Jan 7, 2025
- Sponsor
- Rep. Michael Lawler [R-NY-17]
- Policy area
- Taxation
- Cosponsors
- 4
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).
Recent actions
- Jan 7, 2025 Referred to the House Committee on Ways and Means.
- Jan 7, 2025 Introduced in House
- Jan 7, 2025 Introduced in House
Votes
No recorded votes are available for this bill.