Rep. Suozzi: Bipartisan Legislation to Fully Restore the SALT Deduction Introduced in House of Representatives
January 30, 2021
January 30, 2021
WASHINGTON, Jan. 30 -- Rep. Thomas Suozzi, D-New York, issued the following news release on Jan. 29, 2021:
Seven Members of Congress introduced the SALT Deductibility Act, bipartisan legislation to restore the full State and Local Tax (SALT) deduction. The proposal would allow taxpayers to fully deduct their state and local taxes on their federal income returns. In 2017, the deduction was capped at $10,000 and resulted in a tax increase for many middle-class families.
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Seven Members of Congress introduced the SALT Deductibility Act, bipartisan legislation to restore the full State and Local Tax (SALT) deduction. The proposal would allow taxpayers to fully deduct their state and local taxes on their federal income returns. In 2017, the deduction was capped at $10,000 and resulted in a tax increase for many middle-class families.
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