HOUSE 2439117th CongressReferred to the House Committee on Ways and Means.

SALT Fairness for Working Families Act

Last Action: 4/8/2021

Actions

2021-04-08Referred to the House Committee on Ways and Means.
2021-04-08Introduced in House
2021-04-08Introduced in House

CRS Summary

As of 2021-04-08 (00)

SALT Fairness for Working Families Act

This bill increases the limit on the individual income tax deduction 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 that amount in the case of a joint return) and requires the increased limit to be adjusted for inflation after 2021.

Cosponsors (1)

Sean Casten (D-IL)

Subjects

Income tax deductions
Inflation and prices
Property tax
Sales and excise taxes
State and local taxation

Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.