1. Short title
This Act may be cited as the “SALT Marriage Penalty Elimination Act”.
SALT Marriage Penalty Elimination Act
A BILL
To amend the Internal Revenue Code of 1986 to eliminate the marriage penalty in the limitation on the amount individuals can deduct for certain State and local taxes.
2. Elimination of marriage penalty in limitation on deduction for certain State and local taxes of individuals
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 amendments made by this section shall apply to taxable years beginning after December 31, 2022.