SALT Deduction Fairness Act
This bill increases the limitation on the deduction for state and local taxes to $20,000 for individuals filing a joint tax return. The limitation applies to taxable years 2018 through 2025.
To amend the Internal Revenue Code of 1986 to increase the limitation 
 on the amount individuals filing jointly can deduct for certain State 
                            and local taxes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``SALT Deduction Fairness Act''.

SEC. 2. INCREASE IN LIMITATION ON DEDUCTION FOR INDIVIDUALS FILING 
              JOINTLY ON STATE AND LOCAL TAXES.

    (a) In General.--Section 164(b)(6)(B) of the Internal Revenue Code 
of 1986 is amended by striking ``$10,000 ($5,000 in the case of a 
married individual filing a separate return)'' and inserting ``$10,000 
(twice such amount in the case of a joint return)''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2020.
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SALT Deduction Fairness Act
A bill to amend the Internal Revenue Code of 1986 to increase the limitation on the amount individuals filing jointly can deduct for certain State and local taxes.
SALT Deduction Fairness Act
Sen. Collins, Susan M.