CONGRESS FOR VOTERS

RepublicanBill · H.R. 232· House(119-HR-232)

SALT Fairness and Marriage Penalty Elimination Act

Rep. Lawler
Age: 40 years
New York
Introduced
1/7/2025
Last activity
1/7/2025 — Referred to the House Committee on Ways and Means.
Sponsored by
Michael Lawler
Cosponsors
Republican - 0Democrat - 4
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill, titled the "SALT Fairness and Marriage Penalty Elimination Act," aims to change how much people can deduct for certain state and local taxes. It proposes to amend the Internal Revenue Code of 1986. Currently, the deduction is capped at $10,000, or $5,000 for married individuals filing separately. The new proposal would increase this limit to $100,000 for most individuals. For those filing a joint return, the limit would be $200,000. These changes are intended to take effect for taxable years starting after December 31, 2024.

Yes· 3 of 4

  • Would high-income households be better off under this?+8

    High-income households benefit most from the increased deduction cap due to their higher tax obligations.

  • Would people with substantial wealth be better off under this?+8

    Wealthy individuals can deduct significantly more of their state and local taxes under the new limits.

  • Would middle-income households be better off under this?+5

    The higher deduction limit provides tax relief to middle-income households paying significant state and local taxes.

The opposite

  • Does this reduce what the federal government spends?-3

    By increasing tax deductions, the bill reduces federal tax revenue, effectively decreasing the amount the government collects.