SALT Fairness and Marriage Penalty Elimination Act

[AI summary unavailable — showing source text] SALT Fairness and Marriage Penalty Elimination Act This bill increases the limitation on the federal tax deduction for state and local taxes (commonly known as the SALT deduction cap) to $100,000 ($200,000 for married individuals filing a joint federal income tax return).  Under current law, the SALT deduction cap is $10,000 ($5,000 for married individuals filing separate federal income tax returns). …