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).
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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