HR 246 ยท SALT Fairness for Working Families Act
Referred to the House Committee on Ways and Means.
- Introduced
- Jan 9, 2025
- Latest action
- Jan 9, 2025
- Sponsor
- Rep. Lauren Underwood [D-IL-14]
- Policy area
- Taxation
- Cosponsors
- 1
Summary
SALT Fairness for Working Families Act This bill increases the limitation on the federal tax deduction for state and local taxes (commonly known as the SALT deduction cap) to $15,000 ($30,000 for married individuals filing a joint federal income tax return). Under current law, the SALT deduction cap is $10,000 ($5,000 for a married individuals filing separate federal income tax returns).
Recent actions
- Jan 9, 2025 Referred to the House Committee on Ways and Means.
- Jan 9, 2025 Introduced in House
- Jan 9, 2025 Introduced in House
Votes
No recorded votes are available for this bill.