Section 1 Short title
This Act may be cited as the “SALT Deduction Fairness Act”.
SALT Deduction Fairness Act
A BILL
To amend the Internal Revenue Code of 1986 to increase the limitation on the amount individuals filing jointly can deduct for certain State and local taxes.
Sec. 2 Increase in limitation on deduction for individuals filing jointly on state and local taxes
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 “$10,000 (twice such amount in the case of a joint return)”.
Effective date— The amendment made by this section shall apply to taxable years beginning after December 31, 2018.