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Higher Tax Deductions for State and Local Taxes for Families.

This bill increases the amount individuals can deduct from their federal taxes for state and local taxes paid. This change could mean lower tax bills for many families, as more of their state and local tax expenses will be eligible for deduction. The new rules will apply starting from the 2025 tax year.
Key points
The State and Local Tax (SALT) deduction cap increases from $10,000 to $15,000 for individuals.
For married couples filing jointly, the deduction limit increases to $30,000.
These changes may reduce the amount of federal tax owed for many taxpayers, increasing their disposable income.
The new rules will take effect for tax years beginning after December 31, 2024.
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Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_246
Sponsor: Rep. Underwood, Lauren [D-IL-14]
Process start date: 2025-01-09