Tax Relief for Middle Class Families Act of 2024

This bill increases the federal tax deduction limit for state and local taxes (SALT) from $10,000 to $100,000 for married couples filing jointly. It directly affects middle-income taxpayers in high-tax states who itemize deductions, as they previously faced a cap on deducting property taxes and income or sales taxes. The key provision amends the Internal Revenue Code to remove the previous $10,000 SALT deduction cap, allowing eligible filers to deduct up to $100,000 annually. The change applies to tax returns filed for 2024 and later taxable years.