HR 7160 · 118th Congress · Taxation
SALT Marriage Penalty Elimination Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Rules Committee Resolution H. Res. 994 Reported to House. Rule provides for consideration of H.R. 7160 and H. Res. 987. The resolution provides for consideration of H.R. 7160 and H. Res. 987 under a closed rule with one hour of debate on each measure. The resolution provides for a motion to recommit on H.R. 7160.(2024-02-05)
Plain Language Summary
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SALT Marriage Penalty Elimination Act This bill increases from $10,000 to $20,000 the maximum amount of the tax deduction for state and local taxes for married couples whose adjusted gross income is less than $500,000 in 2023, thus eliminating the tax effect known as the marriage penalty.…
Summarized by Claude AI · Non-partisan · For informational purposes only