This bill increases the limit on individual income tax deductions for certain state and local taxes, which is currently $10,000 per year ($5,000 for a married taxpayer filing a separate return). The bill increases the limit to $15,000 (twice the amount in the case of a joint return) and requires the limit to be adjusted for inflation after 2019.
Income tax deductionsInflation and pricesProperty taxSales and excise taxesState and local taxation
To amend the Internal Revenue Code of 1986 to increase the limitation on the amount individuals can deduct for certain State and local taxes.
USA116th CongressHR-1757| House
| Updated: 3/14/2019
This bill increases the limit on individual income tax deductions for certain state and local taxes, which is currently $10,000 per year ($5,000 for a married taxpayer filing a separate return). The bill increases the limit to $15,000 (twice the amount in the case of a joint return) and requires the limit to be adjusted for inflation after 2019.