SALT Deductibility Act
119-HR-430119th CongressIntroduced Jan 15, 2025Taxation
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Referred to the House Committee on Ways and Means.
Sponsor
Rep. Garbarino, Andrew R. [R-NY-2](R-NY-2)25 cosponsors
Summary
Securing Access to Lower Taxes by ensuring Deductibility Act or the SALT Deductibility Act
This bill repeals the limitation on the federal tax deduction for state and local taxes (commonly known as the SALT deduction cap).
Under current law, a SALT deduction cap of $10,000 ($5,000 for married individuals filing separate federal income tax returns) applies for tax years 2018 through 2025 and expires beginning in 2026.
Actions (3)
Referred to the House Committee on Ways and Means.
Jan 15, 2025House floor actions
Introduced in House
Jan 15, 2025Library of Congress
Introduced in House
Jan 15, 2025Library of Congress