SALT Fairness and Marriage Penalty Elimination Act

This bill raises the federal income tax deduction limit for state and local taxes (SALT) from $10,000 to $100,000 for most taxpayers, and increases the limit for married couples filing jointly to $200,000. It directly affects taxpayers who itemize deductions and live in high-tax states, particularly married couples who previously faced a "marriage penalty" under the $10,000 cap. The change applies to tax years beginning after December 31, 2024, effectively allowing these taxpayers to deduct more state and local taxes on their federal returns.