SALT Fairness for Working Families Act

# SALT Fairness for Working Families Act – Summary ## What the Bill Would Do This bill would increase the federal tax deduction limit for state and local taxes (SALT) from $10,000 to $15,000 per person ($30,000 for married couples filing jointly). The SALT deduction allows taxpayers to reduce their federal taxable income by the amount they pay in state and local taxes. By raising this cap, the bill would let more people deduct these taxes, potentially lowering their federal tax bills. ## Who It Affects and Current Status The bill primarily benefits residents of high-tax states who pay substantial state and local taxes.

Supporters argue it helps working families and middle-class households in states with higher tax burdens, while critics note that higher-income earners and those in wealthy areas benefit more from larger SALT deductions. The bill is currently in committee, meaning it has been introduced but has not yet been voted on by the full House of Representatives. Sponsor Lauren Underwood represents Illinois, a state with relatively high property and income taxes.