SALT Fairness for Working Families ActThis bill increases the limitation on the federal tax deduction for state and local taxes (commonly known as the SALT deduction cap) to $15,000 ($30,000 for married individuals filing a joint federal income tax return). Under current law, the SALT deduction cap is $10,000 ($5,000 for a married individuals filing separate federal income tax returns).
To designate the facility of the United States Postal Service located at 5225 Harrison Avenue in Rockford, Illinois, as the "Jay P. Larson Post Office Building".