SALT Fairness for Working Families Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 246 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 246

 To amend the Internal Revenue Code of 1986 to increase the limitation 
on the amount individuals can deduct for certain State and local taxes.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 9, 2025

  Ms. Underwood (for herself and Mr. Casten) introduced the following 
      bill; which was referred to the Committee on Ways and Means

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                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to increase the limitation 
on the amount individuals can deduct for certain State and local taxes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``SALT Fairness for Working Families 
Act''.

SEC. 2. INCREASE IN LIMITATION ON DEDUCTION FOR CERTAIN STATE AND LOCAL 
              TAXES OF INDIVIDUALS.

    (a) In General.--Section 164(b)(6)(B) of the Internal Revenue Code 
of 1986 is amended by striking ``$10,000 ($5,000 in the case of a 
married individual filing a separate return)'' and inserting ``$15,000 
(twice such amount in the case of a joint return)''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2024.
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