United StatesSALT Deductibility Act
What it does
This bill repeals the limitation on the federal tax deduction for state and local taxes (commonly known as the SALT deduction cap).
More detail
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.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Jan 15Introduced in HouseLatest
- Jan 15Referred to the House Committee on Ways and Means.Introduced