Section 1. Short title
This Act may be cited as the SALT Marriage Penalty Elimination Act.
(a) In general
Section 164(b)(6) of the Internal Revenue Code of 1986 is amended by adding at the end the following: In the case of a joint return for a taxable year beginning after December 31, 2022, and before January 1, 2024, if the taxpayer’s adjusted gross income for such taxable year is less than $500,000, subparagraph (B) shall be applied by substituting $20,000 for $10,000..
(b) Effective date
The amendment made by this section shall apply to taxable years beginning after December 31, 2022.