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HR 246

SIGMA/ZETA DAY

104th Regular Session Introduced by Mike Crawford and 1 co-sponsor

The SALT Fairness for Working Families Act raises the SALT deduction cap to $20,000 for individuals and $40,000 for couples, easing tax burdens for families in high-tax states.

Resolution Adopted
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WeVote Research Nonpartisan
Bill Summary · HR 246

Summary of HR 246: SALT Fairness for Working Families Act

Purpose and Intent

The SALT Fairness for Working Families Act (HR 246) aims to address the limitations imposed by the State and Local Tax (SALT) deduction cap, which was established under the Tax Cuts and Jobs Act of 2017. The bill seeks to provide relief to working families by increasing the SALT deduction limit, thereby allowing taxpayers to deduct a greater amount of state and local taxes from their federal taxable income.

Key Provisions

  • Increase in SALT Deduction Limit: The bill proposes to raise the SALT deduction cap from the current limit of $10,000 to $20,000 for individual filers and $40,000 for married couples filing jointly.
  • Eligibility: The increased deduction limit would apply to all taxpayers who itemize their deductions on their federal tax returns.
  • Implementation Timeline: If passed, the provisions of the bill would take effect for the tax year following its enactment.

Who Would Be Affected

  • Working Families: The primary beneficiaries of this legislation would be middle- and lower-income families who reside in states with high property and income taxes, as they are disproportionately affected by the SALT cap.
  • Taxpayers: Individuals and couples who itemize their deductions would see a direct financial benefit from the increased deduction limit, potentially lowering their overall tax liability.

Legislative Process

  • Introduced: The bill was introduced in the House on January 9, 2025.
  • Committee Referral: Following its introduction, HR 246 was referred to the House Committee on Ways and Means for further consideration.

Conclusion

The SALT Fairness for Working Families Act (HR 246) represents an effort to alleviate the tax burden on working families by increasing the SALT deduction limit. If enacted, this legislation could provide significant financial relief to taxpayers in high-tax states, promoting greater equity in the federal tax system. The bill is currently under review by the House Committee on Ways and Means, and its future will depend on further legislative action.

Compiled from official sources — confirm details with the bill’s official record.

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