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HR 2660 118th Congress House Taxation

SALT Fairness for Working Families Act

Introduced: April 17, 2023 Introduced by: Underwood, Lauren Democratic · Illinois See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 17, 2023
Referred to the House Committee on Ways and Means.
Apr 17, 2023
Introduced in House
 Plain-English summary Congressional Research Service

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 2023.

What's happening now April 17, 2023

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1