House Rejects Proposal to Increase State and Local Tax Deduction Cap of $10k for Married Couples
House Democrats and Republicans voted against a proposal to increase the cap on state and local tax deductions for married couples with adjusted gross incomes below $500,000 for the fiscal year 2023. The bill aimed to raise the deduction cap from $10,000 to $20,000 for eligible couples, but the vote marked the end of its consideration.
Democrats didn't vote for the proposal, blaming Republicans for voting to institute the cap in the first place. Before the vote, House Ways and Means Committee member Bill Pascrell, D-N.J., said that the $10,000 cap has been a heavy burden for middle-class families and for public services that had depended on the amounts received before the cap was in place. He added that Democrats have voted several times on the floor and in committee to repeal the cap fully and that Lawler's proposal fell short of what Americans deserve.
Olena Ruth | Tax Defense Attorney
Olena represents the taxpayers in federal and state tax audits, collection matters, administrative appeals, and the U.S. Tax Court’s cases. She is actively engaged in Tax Sections of the American Bar Association and Colorado Bar Association. She serves as Colorado Bar Association’s pro-bono attorney and liaison to the Internal Revenue Service. Her speaking engagements include presentations on tax matters in family law, employment tax issues, and communication with the IRS.
Olena can be reached at olena@ruthtaxlaw.com
