Pipeline · Bill → Law
Step 1
Introduced
Apr 17, 2023
Step 2
Referred
Apr 17, 2023
Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill increases the limit on the individual income tax deduction 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 that amount in the case of a joint return) and requires the increased limit to be adjusted for inflation after 2023.
Timeline · 2 actions
Apr 17, 2023
Introduced in House
Apr 17, 2023
Referred to the House Committee on Ways and Means.