United States Congress
Tax Relief for Middle Class Families Act of 2023
January 31, 2023
Summary
This is a proposed federal income tax bill (H.R. 680) that would raise the SALT deduction cap from $10,000 to $100,000 (with adjustments for joint returns). It has no direct application to mortgage lending, servicing, or compliance, and does not amend any mortgage-related statute or regulation. As an unenacted bill, it imposes no current obligations on lenders, brokers, or servicers.
AI-generated summary · Aug 31, 2026. Verify with your compliance counsel before acting.
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Source: https://www.congress.gov/bill/118th-congress/hr-bill/680
Common questions
- What does "Tax Relief for Middle Class Families Act of 2023" cover?
- This is a proposed federal income tax bill (H.R. 680) that would raise the SALT deduction cap from $10,000 to $100,000 (with adjustments for joint…
- Which agency issued this update?
- This update was issued by United States Congress.
- When was it published?
- It was published on January 31, 2023.