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HR 246
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SALT Fairness for Working Families Act

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

Introduced Jan 9, 2025

Latest action (Jan 9, 2025) Referred to the House Committee on Ways and Means.

Policy area
Issues
Economy & Taxes

Summary

This bill increases the tax deduction limit for state and local taxes (SALT deduction) that individuals can claim on their federal income taxes. Under current law, taxpayers can deduct up to $10,000 in state and local taxes per year. This bill would raise that limit to $15,000 for single filers and $30,000 for joint filers. The increased limits would apply to tax years beginning after December 31, 2024. The change would allow taxpayers in high-tax states to deduct more of their state and local tax payments from their federal taxable income.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)

Money behind the sponsor

Top reported contributors to Lauren Underwood’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.

  • UNIVERSITY OF CHICAGO $33,465
  • NORTHWESTERN UNIVERSITY $26,150
  • BLUE SHIELD OF CALIFORNIA $18,100
  • CORNERSTONE GOVERNMENT AFFAIRS $16,800
  • CLIFFORD LAW OFFICES $13,200

Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Lauren Underwood → · Outside spending →

Actions (2)

  1. Jan 9, 2025 Referred to the House Committee on Ways and Means. · house
  2. Jan 9, 2025 Introduced in House

More bills on these subjects (8)

Other bills that carry the most legislative subjects in common with this one (topical discovery — distinct from the procedural related bills above).

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

Text versions (1)

  • Introduced in House · Jan 9, 2025

Only one text version is on file, so there’s no earlier version to compare against yet.

Full text

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

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. <all>

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