H.R. 430: SALT Deductibility Act

H.R. 430 is a federal bill in the 119th Congress. Currently, households can only deduct up to $10,000 in state and local taxes from their federal taxable income. This limit, often called the SALT deduction cap, was put in place for tax years 2018 through 2025. If this bill becomes law, this $10,000 cap… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.