SALT Relief and Marriage Penalty Elimination Act of 2019
- Last Action
- 5/9/2019
Actions
- 2019-05-09Referred to the House Committee on Ways and Means.
- 2019-05-09Introduced in House
- 2019-05-09Introduced in House
CRS Summary
As of 2019-05-09 (00)
SALT Relief and Marriage Penalty Elimination Act of 2019
This bill raises the cap on tax deductions for state and local taxes for taxable years 2018 through 2025. The bill increases the current $10,000 limit to make it equal to the standard deduction the applies for the taxpayer based on filing status.. (For 2019, the standard deduction is $12,200 for single taxpayers and married individuals filing separately, $24,400 for married couples filing jointly, and $18,350 for heads of households).
Cosponsors (4)
- Elise Stefanik (R-NY)
- Gilbert Cisneros (D-CA)
- PETER KING (R-NY)
- Jahana Hayes (D-CT)
Subjects
- Income tax deductions
- Marriage and family status
- Property tax
- State and local taxation
- Tax treatment of families
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.