SENATE 804117th CongressRead twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S1616)

SALT Deduction Fairness Act

Last Action: 3/17/2021

Actions

2021-03-17Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S1616)
2021-03-17Introduced in Senate

CRS Summary

As of 2021-03-17 (00)

SALT Deduction Fairness Act

This bill increases the limitation on the deduction for state and local taxes to $20,000 for individuals filing a joint tax return. The limitation applies to taxable years 2018 through 2025.

Subjects

Income tax deductions
State and local taxation

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