HR 202
SALT Fairness Act of 2021
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The SALT Fairness Act of 2021 aims to restore the ability for taxpayers to deduct state and local taxes (SALT) on their federal income tax returns. Currently, tax laws limit the amount of state and local taxes that can be deducted. This bill would eliminate this limitation, allowing taxpayers to deduct a larger portion of their state and local taxes, potentially reducing their federal tax liability. It’s intended to address concerns about the impact of the 2017 tax law changes on taxpayers in high-tax states.
Sponsors
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Primary sponsor
Mike Garcia
Cosponsors
Michelle Steel
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