Legis Daily

SALT Act

USA118th CongressHR-1326| House 
| Updated: 3/10/2023
Katie Porter

Katie Porter

Democratic Representative

California

Cosponsors (4)
J. Luis Correa (Democratic)Brad Sherman (Democratic)Sean Casten (Democratic)Mike Levin (Democratic)

Ways and Means Committee, Health Subcommittee, Energy and Commerce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Supporting Americans with Lower Taxes Act or the SALT Act This bill modifies the cap on state and local tax deductions (the SALT deduction) and provides for Medicare coverage of hearing and vision services. Current law caps the SALT deduction at $10,000 for single taxpayers and married couples filing jointly and $5,000 for married taxpayers filing separately; the cap applies to tax years 2018 through 2025. The bill permanently (1) eliminates any cap for single taxpayers or married couples filing jointly who make less than $400,000 a year ($200,000 for married taxpayers filing separately); (2) increases the cap to $60,000 for single taxpayers or married couples filing jointly who make $400,000 or more a year ($30,000 for married taxpayers filing separately who make $200,000 or more a year); and (3) phases down the cap for filers who make more than $400,000 in a manner such that those who make $1 million or more do not qualify for the deduction. The bill also provides for Medicare coverage of hearing and vision services, including hearing aids, glasses, and contact lenses, beginning in 2025. It also appropriates any amounts received as a result of the bill's changes to the SALT cap to Medicare's Supplementary Medical Insurance Trust Fund and provides for specific fund transfers for FY2024 and FY2025 to support Medicare hearing and vision coverage.
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Timeline

Bill from Previous Congress

HR 117-6847
SALT Act

Bill from Previous Congress

HR 117-946
SALT Act
Mar 1, 2023
Introduced in House
Mar 1, 2023
Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Mar 10, 2023
Referred to the Subcommittee on Health.
  • Bill from Previous Congress

    HR 117-6847
    SALT Act


  • Bill from Previous Congress

    HR 117-946
    SALT Act


  • March 1, 2023
    Introduced in House


  • March 1, 2023
    Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.


  • March 10, 2023
    Referred to the Subcommittee on Health.

Health

SALT Act

USA118th CongressHR-1326| House 
| Updated: 3/10/2023
Supporting Americans with Lower Taxes Act or the SALT Act This bill modifies the cap on state and local tax deductions (the SALT deduction) and provides for Medicare coverage of hearing and vision services. Current law caps the SALT deduction at $10,000 for single taxpayers and married couples filing jointly and $5,000 for married taxpayers filing separately; the cap applies to tax years 2018 through 2025. The bill permanently (1) eliminates any cap for single taxpayers or married couples filing jointly who make less than $400,000 a year ($200,000 for married taxpayers filing separately); (2) increases the cap to $60,000 for single taxpayers or married couples filing jointly who make $400,000 or more a year ($30,000 for married taxpayers filing separately who make $200,000 or more a year); and (3) phases down the cap for filers who make more than $400,000 in a manner such that those who make $1 million or more do not qualify for the deduction. The bill also provides for Medicare coverage of hearing and vision services, including hearing aids, glasses, and contact lenses, beginning in 2025. It also appropriates any amounts received as a result of the bill's changes to the SALT cap to Medicare's Supplementary Medical Insurance Trust Fund and provides for specific fund transfers for FY2024 and FY2025 to support Medicare hearing and vision coverage.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 117-6847
SALT Act

Bill from Previous Congress

HR 117-946
SALT Act
Mar 1, 2023
Introduced in House
Mar 1, 2023
Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Mar 10, 2023
Referred to the Subcommittee on Health.
  • Bill from Previous Congress

    HR 117-6847
    SALT Act


  • Bill from Previous Congress

    HR 117-946
    SALT Act


  • March 1, 2023
    Introduced in House


  • March 1, 2023
    Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.


  • March 10, 2023
    Referred to the Subcommittee on Health.
Katie Porter

Katie Porter

Democratic Representative

California

Cosponsors (4)
J. Luis Correa (Democratic)Brad Sherman (Democratic)Sean Casten (Democratic)Mike Levin (Democratic)

Ways and Means Committee, Health Subcommittee, Energy and Commerce Committee

Health

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted