H.R. 1757 — To amend the Internal Revenue Code of 1986 to increase the limitation on the amount individuals can deduct for certain State and local taxes.

Summary

This bill increases the limit on individual income tax deductions for certain state and local taxes, which is currently $10,000 per year ($5,000 for a married taxpayer filing a separate return). The bill increases the limit to $15,000 (twice the amount in the case of a joint return) and requires the limit to be adjusted for inflation after 2019.

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Related Legislation

H.R. 2894Save the State and Local Tax Deduction for Middle Class Families Act of 2019
2019-05-22Referred to the House Committee on Ways and Means.
Related
S. 2762SALT Deduction Fairness Act
2019-10-31Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6336-6337)
Related

Legislative Actions

2019-03-14
Introduced in House
2019-03-14
Introduced in House
2019-03-14
Referred to the House Committee on Ways and Means.

To amend the Internal Revenue Code of 1986 to increase the limitation on the amount individuals can deduct for certain State and local taxes.

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Legislative Actions

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